Commercial Buildings Market Report 2026

The commercial buildings market size has grown steadily in recent years. It will grow from $1.92 trillion in 2025 to $1.99 trillion in 2026 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to growth in business establishment activities, expansion of urban commercial zones, rising demand for retail and office spaces, increase in hospitality sector development, early adoption of modern construction practices.

The commercial buildings market size is expected to see steady growth in the next few years. It will grow to $2.35 trillion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rising investment in smart commercial infrastructure, growth in refurbishment and redevelopment projects, increasing demand for flexible office and retail environments, expansion of logistics and warehousing construction, shift toward sustainable commercial building practices. Major trends in the forecast period include rising development of mixed-use commercial complexes, growing demand for modern office and retail infrastructure, expansion of hospitality and leisure construction projects, increasing investment in repair, maintenance, and facility upgrades, growth in urban redevelopment and commercial renovation activities.

The growth of e-commerce is expected to drive expansion in the commercial buildings market in the coming years. E-commerce, or electronic commerce, involves buying and selling goods and services online through digital platforms and channels. Its growth is primarily fueled by increasing consumer preference for convenience, as online shopping allows purchases at any time and from any location, eliminating the need for physical store visits while offering faster delivery and a wider product selection. The rise of online retail necessitates extensive infrastructure development, including large-scale warehouses, distribution centers, logistics hubs, and data facilities to support inventory management and order fulfillment. For example, in August 2023, data from the U.S. Census Bureau, the principal statistical agency in the United States, indicated that U.S. retail e-commerce sales for the second quarter of 2023 reached $277.6 billion, marking a 2.1% (±0.9%) increase from the first quarter of 2023. Consequently, the growth of e-commerce is fueling demand in the commercial buildings market.

Key players in the commercial real estate sector are actively prioritizing sustainable practices by incorporating renewable energy solutions such as rooftop solar installations. This approach serves the dual purpose of environmental stewardship and gaining a competitive edge within the industry. An exemplar of this initiative occurred in January 2023 when JEG Development Corporation (JDC), a family-owned enterprise in the Philippines, partnered with COREnergy Inc., a US-based real estate investment trust. Together, they successfully implemented a 37kWp rooftop solar system atop the 22-story JEG Tower, One Acacia. This landmark project established the building as the inaugural solar-powered commercial high-rise in Cebu. Anticipated outcomes from this grid-tied solar venture include an annual energy generation of 77 MWh and a consequential reduction of 30 metric tons of carbon dioxide emissions per year. Additionally, JEG Tower's recognition with the highest Gold score in Cebu City's LEED rating system for sustainable buildings underscores COREnergy's achievement of their fifth operational distributed solar project in Cebu.

In May 2024, Carlisle Companies Incorporated, a US-based provider of engineered products and energy-efficient building solutions, acquired MTL Holdings for an undisclosed amount. Through this acquisition, Carlisle aims to enhance its building envelope solutions portfolio and expand its footprint in the commercial construction sector by incorporating high-performance metal edge and wall systems. MTL Holdings, based in the US, specializes in prefabricated perimeter edge metal systems and non-insulated architectural metal wall systems for commercial, institutional, and industrial buildings.

Major companies operating in the commercial buildings market are Brookfield Business Partners LP, CBRE Group Inc., Bechtel Corporation, Turner Construction Company, Skanska AB, Jacobs Engineering Group Inc., Obayashi Corporation, Fluor Corporation, Kiewit Corporation, AECOM Technology Corporation, Lendlease Corporation, Prologis Inc., DPR Construction Inc., Clayco Inc., Suffolk Construction Company Inc., Boston Commercial Properties Inc., Walsh Group, Marcus & Millichap Inc., Segro plc, DLF Ltd., Mortenson Inc., Hunt Construction Group, RAK Properties PJSC, NAI Global, Link Asset Management Ltd., Nakheel PJSC, Onni Contracting Ltd.

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 commercial buildings market by increasing the cost of imported steel, aluminum, cement, machinery, and construction components, driving higher expenses across new construction, refurbishment, and maintenance segments. Regions with high dependence on foreign building materialsparticularly North America, Europe, and parts of Asiaface project delays, reduced margins, and slower development timelines. However, tariffs can benefit domestic material suppliers and construction firms by reducing external competition and stimulating local production and procurement strategies. Overall, tariffs create cost and scheduling challenges while supporting long-term regional industrial growth.

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

Commercial buildings are defined as any structures built for industrial or public purposes related to commercial activities that generate profit, excluding residential buildings. These buildings are utilized for business-related functions.

Commercial building projects encompass various product categories, including new construction, repair and maintenance, refurbishment, and demolition. New construction involves erecting structures or making additions to existing ones, resulting in a floor area increase of more than 100 percent. These buildings find applications in ownership and rental across diverse sectors such as offices, retail spaces, leisure facilities, and other industries.Asia-Pacific was the largest region in the commercial buildings market in 2025. The regions covered in the commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial buildings market includes revenues earned by entities by constructing buildings, lodging facilities, restaurants, and industrial 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.

This product will be delivered within 1-3 business days.