Retail Buildings Market Report 2026

The retail buildings market size has grown steadily in recent years. It will grow from $308.73 billion in 2025 to $317.59 billion in 2026 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to growth in commercial retail expansion, rising demand for traditional shopping centers, reliance on conventional construction materials, increasing development of warehouse-style retail, expansion of electrical and plumbing contracting work.

The retail buildings market size is expected to see steady growth in the next few years. It will grow to $366.18 billion in 2030 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to growing need for retail renovation and modernization, rising adoption of sustainable construction materials, increasing demand for mixed-use retail environments, expansion of large-format retail distribution centers, heightened focus on energy-efficient building systems. Major trends in the forecast period include rising development of large retail parks and shopping centers, increasing expansion and remodeling of existing retail buildings, growing demand for warehouse-type retail and distribution centers, higher adoption of mixed-use retail construction projects, expansion of small trader retail units within larger commercial complexes.

The global expansion of the commercial sector is expected to drive the growth of the retail buildings market in the future. The commercial sector encompasses facilities and equipment that provide services for enterprises, as well as federal, state, and local government operations, along with various private and public organizations, including religious, social, and fraternal groups. Retail facilities fall under this commercial sector, meaning that the growth of the commercial sector directly boosts the construction of retail buildings. For example, in October 2024, the UK Parliament, the supreme legislative body in the United Kingdom, reported that the retail sector generated an economic output of $144.01 billion in 2023, accounting for 4.7% of the UK's total economic output and reflecting a 2.2% increase compared to 2022. This growth highlights the retail industry's crucial contribution to the economy and emphasizes its resilience and potential for further development.

Major companies operating in the retail buildings market are focused on the launch of generative AI models to enhance insights and client outcomes, thereby strengthening their positions in the market. A Generative AI Model refers to an artificial intelligence system designed to autonomously generate content, imitating or creating new data, images, text, audio, or videos. For instance, in August 2023, JLL, a US-based commercial real estate and investment management company, introduced JLL GPT™, the first large language model specifically built for the commercial real estate (CRE) industry. Developed by JLL Technologies (JLLT), the bespoke generative artificial intelligence (AI) model will be utilized by JLL's workforce of over 103,000 globally, providing CRE insights to clients in a novel way.

In October 2025, Aditya Birla Fashion and Retail Limited, an India-based fashion company, partnered with Galeries Lafayette to introduce premium luxury department stores in India. Through this partnership, the companies aim to establish a scalable and structured luxury retail model in India that provides curated luxury merchandise, immersive cultural experiences, and supports long-term growth in the premium and luxury retail segment. Galeries Lafayette is a France-based department store that offers luxury fashion, beauty products, accessories, and gourmet food.

Major companies operating in the retail buildings market are Retail Construction Services Inc., Actividades de Construcción y Servicios S.A., Bouygues S.A., Hochtief AG, Skanska AB, Vinci SA, Pacific Crest Engineering Inc., Kneeland Construction Corporation, Shannon Waltchack LLC, Bechtel Corporation, Fluor Corporation, Whiting Turner Construction Company, Turner Construction Company, Gilbane Building Company, Hensel Phelps Construction Co., Gensler, CallisonRTKL Inc., Kimley-Horn and Associates Inc., Nelson Worldwide LLC, Core States Group, Stantec Inc., NORR Limited, WD Partners Inc., RSP Architects Ltd., GreenbergFarrow, HKS Architects Inc., Perkins + Will Inc., HNTB Corporation, Ware Malcomb, MG2 Corporation, Eppstein Uhen Architects Inc., HMC Architects, Corgan Associates Inc., Hord Coplan Macht Inc., Hammel Green and Abrahamson.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the retail buildings market by increasing the cost of imported construction materials such as steel, glass, ceramic tiles, composites, and HVAC systems, resulting in higher project expenditures for new construction, renovation, and expansion activities. Regions dependent on imported structural componentsparticularly North America and Europeface the greatest cost pressures. However, tariffs are also driving greater domestic production of building materials and encouraging localized procurement strategies, improving long-term supply chain resilience and reducing dependency on foreign suppliers.

The retail buildings market research report is one of a series of new reports that provides retail buildings market statistics, including retail buildings industry global market size, regional shares, competitors with a retail buildings market share, detailed retail buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the retail buildings industry. This retail buildings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retail buildings refer to structures that are constructed or intended for retail purposes. These structures encompass a range of retail establishments, from large warehouse-style buildings serving multiple businesses to smaller spaces housing individual retail enterprises.

The main types of construction activities related to retail buildings include building construction, heavy and civil engineering construction, and specialty trade contractors. Building construction involves various physical activities on the building site, encompassing the creation of structures, installation of paneling, exterior finishes, falsework, fixtures, service installations, and the unloading of plant equipment, supplies, and similar items. Materials used in retail building construction include aggregates, bricks, cement, ceramic facing and floor tiles, composites, glass, and others. These materials are employed in various types of construction, including both new construction and renovation projects for both residential and non-residential building applications.Asia-Pacific was the largest region in the retail buildings market in 2025. North America is expected to be the retail buildings market report fastest-growing region in the forecast period. The regions covered in the retail buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The retail buildings market includes revenues earned by entities by providing services such as planning, developing, designing, procuring, constructing, and leasing single-store supermarkets, shopping centers, warehouse-type distribution centers, retail parks, mixed-use structures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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