Commercial Real Estate Market - Analysis, Size and Forecast 2024-2028
Originally published on Technavio. The projected growth of the commercial real estate market is expected to reach USD 384.46 billion by 2028, with a compound annual growth rate (CAGR) of 4.36% from 2023 to 2028, driven by factors such as the global expansion of the commercial sector, increased aggregate private investment, and a surge in e-commerce spending.
The comprehensive market analysis report offers insights into market size, historical data from 2018 to 2022, and future projections, all presented in USD billion for each segment. Current market trends and drivers were analyzed using 2023 as the base year, aiming to provide companies with valuable insights to refine their marketing strategies for gaining a competitive edge.
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Interest rates play a crucial role as a key driver in the property market, affecting leasing and transactions, costs, and the overall market landscape. Additionally, increasing marketing initiatives emerge as a trend, with companies leveraging various communication channels such as social media to promote their products, driving brand authenticity and recognition.
Looking ahead, the United States' market outlook reflects a dynamic landscape influenced by economic factors, with sectors like the office sector anticipating revitalization amidst challenges from slow rent growth and vacancies. However, rising emphasis on remote work and online shopping poses significant challenges, impacting traditional retail spaces and office demand.
The report also delves into the customer landscape, covering the adoption lifecycle from innovators to laggards, alongside key purchase criteria and drivers of price sensitivity, aiding companies in evaluating and developing growth strategies.
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