United States Commercial Real Estate Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook 2025-2034

The United States commercial real estate market was valued at USD 746.93 Billion in 2024. The industry is expected to grow at a CAGR of 2.70% during the forecast period of 2025-2034 to attain a valuation of USD 974.95 Billion by 2034.

United States Commercial Real Estate Market Outlook

Increasing demand for offices, retail, and industrial spaces owing to the growth of GDP in the country as well as low interest rates for the commercial real estate sector are some of the major factors fuelling growth of the United States commercial real estate market.

As per the Federal Reserve’s April 2024 report, the commercial real estate sector stood at USD 22.5 trillion in the fourth quarter of 2023, which made it the four largest asset market in the country. As per the quarterly bank call report data, the lending for commercial real estate by U.S. banks has grown from USD 1.2 trillion in the first quarter of 2014 to USD 3 trillion at the end of 2023, which further boosts the commercial real estate market share in United States.

Far West Region’s Economic Development is Propelling the United States Commercial Real Estate Market Growth

• Among regions, the Far West region is expected to lead with the highest CAGR of 3.1%, driven by ongoing development in the commercial real estate sector and the region's economic growth.
• The Rocky Mountain region follows with a CAGR of 2.9%, supported by increased investment in infrastructure and commercial projects.
• The Southwest, with a CAGR of 2.8%, benefits from expanding urbanization and the growth of both residential and commercial developments.
• The Southeast, growing at a CAGR of 2.7%, shows steady commercial real estate demand growth in United States due to its favorable climate for business expansion and real estate development.
• New England and the Mideast regions exhibit moderate growth with CAGRs of 2.5% and 2.3%, respectively, reflecting their established but slower-growing real estate markets.
• The Plains and Great Lakes regions, with CAGRs of 2.2% and 2.0%, respectively, experience the slowest growth due to smaller market sizes and less dynamic economic activity.

Increasing Demand for Logistics Facilities, Rental Houses, Flexible Office Spaces, and Hotels is a Significant United States Commercial Real Estate Market Trend

• In the market from 2024 to 2032, the industrial sector is anticipated to experience the highest growth, with a CAGR of 3.1%, driven by the increasing demand for warehousing and logistics facilities, especially with the rise of e-commerce.
• The multifamily sector follows with a CAGR of 2.9%, reflecting the growing need for residential rental properties in urban areas.
• The office sector, with a CAGR of 2.8%, continues to influence United States commercial real estate market dynamics and trends as businesses seek modern and flexible office spaces.
• The retail sector, growing at a CAGR of 2.6%, shows moderate growth, driven by the ongoing transformation of retail spaces to meet new consumer preferences.
• The hospitality sector, with a CAGR of 2.4%, experiences slower growth due to challenges in the tourism industry, although recovery efforts are underway.

Key Questions Answered in This Report:

• How has the United States commercial real estate market performed historically, and what are the growth expectations for the future?
• What are the primary factors influencing demand and growth in the United States commercial real estate market?
• What are the key segments within the United States commercial real estate market, and how are they expected to evolve over the forecast period?
• What are the major challenges and opportunities facing stakeholders in the United States commercial real estate market?
• Who are the key players in the United States commercial real estate market, and what strategies are they employing to maintain a competitive edge?
• What are the regulatory and policy factors influencing the United States commercial real estate market globally or regionally?
• How competitive is the United States commercial real estate market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
• What are the current trends shaping the United States commercial real estate market landscape, and how are they expected to evolve in the future?
• How are technological advancements impacting the United States commercial real estate market, and what role do innovation and R&D play in driving growth?
• What are the consumer preferences and buying behavior trends influencing the United States commercial real estate market?
• How sustainable are current growth rates in the United States commercial real estate market, and what factors could potentially disrupt these trends?
• What are the regional dynamics within the United States commercial real estate market, and how do they contribute to overall market growth?
• What are the economic factors influencing the United States commercial real estate market, such as GDP growth, inflation rates, and currency fluctuations?
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States commercial real estate market?
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States commercial real estate market?
• What are the regulatory and legal frameworks impacting the United States commercial real estate market globally or in key regions?
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States commercial real estate market?
• What are the emerging market trends and niche opportunities within the United States commercial real estate market that stakeholders should be aware of?
• How resilient is the United States commercial real estate market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
• What are the potential barriers to market entry and growth for new players in the United States commercial real estate market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States commercial real estate market spanning from 2018 to 2034.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States commercial real estate industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States commercial real estate market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States commercial real estate market landscape.