Retail and Other Commercial Buildings Market Report 2026

The retail and other commercial buildings market size has grown steadily in recent years. It will grow from $413.68 billion in 2025 to $426.54 billion in 2026 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to growth in urban retail expansion, reliance on traditional construction practices, rising development of standalone commercial buildings, increasing demand for office space construction, expansion of warehouse and storage facility projects.

The retail and other commercial buildings market size is expected to see steady growth in the next few years. It will grow to $496.44 billion in 2030 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to increasing adoption of sustainable construction materials, rising investment in smart commercial buildings, growing demand for flexible mixed-use developments, heightened need for modernizing outdated retail spaces, expansion of automated building management systems. Major trends in the forecast period include increasing development of mixed-use commercial buildings, rising demand for renovation of aging retail spaces, expansion of large-format commercial and leisure properties, higher adoption of flexible and modular store layouts, growing construction of purpose-built retail and office complexes.

The rising demand from e-commerce companies for commercial buildings, such as larger warehouses equipped with advanced machinery and technology to meet the increasing needs of end-customers, is anticipated to drive the demand for retail and other commercial buildings during the forecast period. The rapid expansion of the e-commerce sector globally is expected to create a greater need for larger warehouse spaces. As e-commerce operations grow, these companies will need to enhance their warehousing capacity to keep up with demand and facilitate larger cargo movements. For example, in November 2023, the International Trade Administration, a U.S.-based government agency, reported that eCommerce revenues in the UK are projected to grow at an average annual rate of 12.6% by 2025. Consumer eCommerce represented 36.3% of the UK’s total retail sector, with revenues expected to reach $285.6 billion by 2025. Therefore, the increasing demand from e-commerce companies is expected to significantly boost the retail and other commercial buildings market during the forecast period.

Major companies operating in the retail and other commercial buildings market are prioritizing the development of innovative solutions such as SaaS-based project management platforms and integrated construction monitoring systems to improve efficiency and accuracy in large-scale construction projects. SaaS-based project management platforms offer cloud-based capabilities for real-time project tracking, scheduling, and cost control, while integrated construction monitoring systems merge cost, schedule, engineering, and field data into one centralized interface to enhance coordination and decision-making. For example, in February 2023, Contruent, a U.S.-based capital project management solutions provider for large construction initiatives, introduced Contruent Enterprise, a SaaS-based platform designed to help owners and engineering, procurement, and construction teams complete projects more quickly and with improved precision. The platform improves scheduling and budget oversight through a customizable dashboard and integrated modules for cost and schedule, engineering, contract management, and field operations, further strengthening Contruent’s role in the commercial construction technology sector.

In June 2024, Honeywell International Inc., a US-based technology company, acquired the Global Access Solutions business of Carrier Global Corporation for $4.95 billion. Through this acquisition, Honeywell International Inc. aims to strengthen its position as a leading provider of digital-age security solutions by enhancing innovation in cloud-based services, expanding its building automation portfolio, and driving faster growth and margin expansion through software-driven, recurring revenue streams. Carrier Global Corporation is a US-based provider of intelligent climate and energy solutions that serves retail and other commercial buildings.

Major companies operating in the retail and other commercial buildings market are Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., The Walsh Group, Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Lewis Management Corp., Neoscape Inc.

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 affecting the retail and other commercial buildings market by raising costs of imported construction materials, mechanical systems, finishing products, and structural components used in both smart and traditional commercial properties, leading to higher project expenditures and longer development timelines. Regions reliant on imported steel, glazing systems, and advanced building technologiessuch as North America and Europeface the greatest impact. However, tariffs are also stimulating domestic material production, encouraging localized sourcing, and enabling long-term cost optimization through enhanced supply chain resilience.

The retail and other commercial buildings market research report is one of a series of new reports that provides retail and other commercial buildings market statistics, including retail and other commercial buildings industry global market size, regional shares, competitors with a retail and other commercial buildings market share, detailed retail and other commercial buildings market segments, market trends, and opportunities, and any further data you may need to thrive in the retail and other commercial buildings industry. This retail and other commercial 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 and other commercial buildings refer to structures that are specifically developed and constructed for retail and commercial use. These buildings are designed to support business operations and facilitate customer interactions.

The main types of retail and other commercial buildings are smart buildings and traditional buildings. Smart buildings are those that incorporate advanced technology to enhance efficiency, security, and overall performance, contributing to improved building management and user experience. These buildings find applications across various sectors, including residential buildings and non-residential buildings utilized by offices, retail establishments, leisure facilities, and other end-users.Asia-Pacific was the largest region in the retail and other commercial buildings market in 2025. The regions covered in the retail and other commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail and other commercial buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The retail and other commercial buildings market includes revenues earned by entities by providing services such as choosing the right spot, setting a budget, financing, pre-designing, and designing construction of retail and other such commercial buildings. 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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