Global office real estate market to reach .55 trillion by 2030

Global office real estate market to reach $19.55 trillion by 2030

SkyQuest Technology Consulting Pvt.  Ltd.

SkyQuest Technology Consulting Pvt. Ltd.

The global office real estate market is segmented on the basis of property type, lease model and classification. Based on property type, the market is segmented into high-rise commercial buildings, business parks, mixed-use developments and co-working spaces. By lease model, the market is segmented into traditional long-term leases, flexible lease agreements, and co-working/office spaces. By classification, the market is segmented into Class A, Class B and Class C- Industry Forecast 2023-2030

Westford, USA, Feb. 09, 2024 (GLOBE NEWSWIRE) — According to SkyQuest report, the increase in demand for office space is closely related to the phenomenon of rapid urbanization and strong economic growth observed in emerging markets. Cities are expanding in terms of population and economic activities office real estate market as these markets evolve and flourish.

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Browse in-depth TOC on “Office Real Estate Market”

  • Page – 157

  • Tables – 91

  • Figures – 76

The global office real estate market stands as a dynamic and vital sector that plays a major role in facilitating economic activities on a global scale. This market includes major financial centers, including New York’s iconic Manhattan and the tech epicenter of San Francisco.

Scope and segmentation of the report:

ATTRIBUTES

The details

Market size in 2022

14.07 trillion dollars

2030 Value Projection

19.55 trillion dollars

CAGR

4.2%

Forecast period

2023-2030

Segments covered

  • Type of property

  • Rental model

  • Distribution

Regions covered

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

Prominent players in the global office real estate market

  • CBRE Group, Inc.

  • JLL (Jones Lang LaSalle)

  • Cushman & Wakefield

  • Colliers International Group Inc.

  • Brookfield Asset Management

  • Hines

  • Savills plc

  • Mitsui Fudosan Co., Ltd.

  • Unibail-Rodamco-Westfield

  • Skanska AB

  • Ivanhoe Cambridge

  • Dex

  • Mitsubishi Estate Co., Ltd.

  • Oxford Properties Group

  • Lendlease Corporation

  • Swire Properties Limited

  • Hong Kong Land Holdings Limited

  • Prologis, Inc.

  • Tishman Speyer Features

  • Land Securities Group plc

Browse the report summary and full table of contents (ToC):

https://www.skyquestt.com/report/office-real-estate-market

The high-rise commercial building segment has grown by offering prestigious addresses for businesses

High-rise commercial buildings constitute the most prominent global segment of the office real estate market. These towering architectural marvels stand as symbols of corporate influence and offer prestigious addresses that appeal to businesses seeking prominence and accessibility.

The market in North America undeniably holds a dominant position in the global office real estate market. Known for their iconic skylines and thriving business hubs, cities across the continent consistently attract multinational corporations, startups and innovative enterprises alike.

Shared spaces segment to dominate the market due to increasing demand for flexible office solutions

The shared space segment has emerged as the fastest growing sector within the global office real estate market. This innovative concept has revolutionized the traditional office landscape by introducing flexible and collaborative work environments. Coworking spaces offer individuals and businesses flexible leasing options, allowing them to work in shared, shared spaces that foster collaboration and creativity.

The market in Asia Pacific is poised for a remarkable growth rate and is projected to achieve the fastest CAGR in the global office real estate market during the forecast period. This increase in growth is attributed to the rapid expansion of economies in countries such as China, India and Singapore, which have increasingly become magnets for investment and business development.

A comprehensive analysis of the key global office real estate market players has been conducted recently. The report covers various aspects of the market, including collaborations, mergers, innovative business policies and strategies, providing valuable insights into key trends and advancements in the market. Furthermore, the report scrutinizes the market share of key segments and presents a detailed geographical analysis. Finally, the report highlights the key players in the industry and their efforts to develop innovative solutions to meet the growing demand.

Key developments in the global office real estate market

  • Hines, a globally renowned real estate firm, recently made an important announcement about its entry into the market. The company unveiled plans for a new mixed-use development project featuring a modern, 30-storey, Grade A office building designed to meet the most stringent international quality standards. With an impressive 900,000 square feet of lettable area, this development underscores Hines’ commitment to responding to evolving tenant preferences, with a strong emphasis on superior build quality and an unwavering focus on health and safety considerations in in the wake of the post-pandemic. era.

  • WeWork India, a prominent player in the co-working industry, responded to the growing demand for flexible workspace solutions in 2022. The company secured a substantial lease agreement for approximately 362,000 square feet of office space in Bengaluru. This strategic move seamlessly aligns with WeWork India’s expansion strategy as it strives to meet the growing demands of businesses seeking versatile and adaptable work environments.

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Key Questions Answered in Global Office Real Estate Market Report

  • Which specific growth drivers are anticipated to impact the market during the forecast period?

  • List the leading companies in the market and explain how they have achieved their positions of influence.

  • In what ways do regional trends and patterns differ within the global market, and how do these differences shape future market growth?

Related reports in the SkyQuest Library:

Global Smart Highway Market

Global residential real estate market

Global Market of Shopping Centers

Global Architectural Services Market

Global 5D Building Information Modeling Market

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