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Global Commercial Real Estate - Market Research Report (2015-2030)

Jared Ristoff Jared Ristoff New York, United States Last Updated: September 2025 K6111-GL

Revenue

$5.8tr

2025

$5.8tr

Past 5-Year Growth

Profit

$XXX.Xbn

Employees

14m

Businesses

9m

Wages

$XXX.Xbn

Global Commercial Real Estate industry analysis

The current commercial real estate market is witnessing significant shifts because of various factors, including housing shortages and changes in office demand. An estimated shortfall of 6.5 million housing units in 14 major countries has increased demand for multifamily housing, pushing households towards renting rather than ownership. This trend is particularly prevalent in younger demographics and new immigrants. This reduction in owner-occupied properties is encouraging demand in certain markets such as Dallas-Fort Worth, New York and Toronto, while others like US Sun Belt cities and select Canadian markets are experiencing softer trends or rent declines. Through the end of 2026, industry revenue has climbed at a CAGR of 3.2% to reach $5.8 trillion, including a gain of 1.0% in 2025 alone.

Trends and Insights

  • Housing shortages are fuelling demand for multifamily housing, particularly among younger demographics and immigrants. This shift from homeownership to renting intensifies competition for quality rental stock in key urban markets.
  • The surge in data center real estate, tied to the global data boom, is transforming the commercial real estate landscape. Investors increasingly favor data center space, encouraging development in energy-efficient, sustainably designed locations with reliable power.
  • Sectors like industrial, multifamily housing and data centers drive North America's CRE landscape in 2025. Trends like e-commerce growth, housing shortages and growing demand for cloud computing and digital infrastructures support these.
  • Intense competition is driven by supply shortages in prime property sectors and leading global cities. This scarcity increases demand for quality space, driving owners to prioritize redevelopments and repositioning assets to stand out among rivals.
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $5.8tr in 2025.

Trends and Insights

Housing shortages and affordability constraints bolster demand for multifamily housing

  • Recent World Economic Forum estimates suggest an aggregate shortfall of approximately 6.5 million housing units across 14 major advanced economies, including the US, Canada, Germany, Australia, Japan and South Korea. This scarcity has pushed households, especially younger demographics and new immigrants, toward renting rather than ownership, amplifying competition for quality rental stock.
  • Additional trends and insights available with purchase
Global Commercial Real Estate
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Real Estate Investment Trusts go global

  • Real estate investment trusts (REITs) will increasingly expand into global markets, offering investors the ability to diversify across regions and property types without direct ownership. As REITs transcend domestic boundaries, investor capital is flowing into emerging and frontier markets such as Southeast Asia, Africa, Eastern Europe and Latin America, regions that often promise higher yields and compelling long-term growth.

Biggest companies in the Global Commercial Real Estate

Company
Market Share (%)
2025
Revenue ($m)
2025
Profit ($m)
2025
Profit Margin (%)
2025

There are no companies that hold a market share exceeding 5% in the Global Commercial Real Estate industry.

Products & Services Segmentation

Global Commercial Real Estate
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Other leasing, Commercial leasing and Residential leasing. Other leasing is the largest segment of the Global Commercial Real Estate.

Trends and Insights

Residential leasing has climbed as a revenue share

  • Residential leasing focuses on leasing residential properties, such as apartments, condos, or single-family homes, to individuals or families, but operates within commercial frameworks of property management and revenue generation.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Operators in the Global Commercial Real Estate industry buy, sell, rent and operate owned or leased real estate, including income-generating residential properties (e.g. apartment buildings) and commercial properties (e.g. retail malls, hotels, restaurants and casinos). The industry also includes real estate services, such as brokerage, property management, valuation and other consulting services.

What's included in this industry?

Products and services covered in the Global Commercial Real Estate industry include Commercial leasing, Residential leasing, Capital markets, Management and advisory services and Other leasing.

Companies

Companies covered in the Global Commercial Real Estate industry include .

Purchase this report to view all major companies in this industry.

Related Terms

Related terms covered in the Global Commercial Real Estate industry include class a, leadership in energy and environment design (leed), loan-to-value ratios, occupancy rate, real estate investment trust (reit), rental agreement and vacancy rate.

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Housing shortages are fuelling demand for multifamily housing, particularly among younger demographics and immigrants. This shift from homeownership to renting intensifies co...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The surge in data center real estate, tied to the global data boom, is transforming the commercial real estate landscape. Investors increasingly favor data center space, enco...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Sectors like industrial, multifamily housing and data centers drive North America's CRE landscape in 2025. Trends like e-commerce growth, housing shortages and growing demand...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each region in 2025
  • Number and share of revenue each region accounts for in 2025
  • Number and share of wages each region accounts for in 2025
  • Number and share of employees in each region in 2025

Detailed analysis

  • Business Locations Charts
  • Share of global output by region in 2025
  • Share of population compared to output in each region in 2025
  • Data tables
  • Share of global output by region in 2025
  • Detailed analysis
  • Geographic spread of the industry across Global, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Intense competition is driven by supply shortages in prime property sectors and leading global cities. This scarcity increases demand for quality space, driving owners to pri...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

There are no companies that hold a market share exceeding 5% in the Global Commercial Real Estate industry.

Analyst insights

The Global Commercial Real Estate industry is highly fragmented, comprising many different real estate service segments that are also not highly concentrated. No company in t...

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Aggregate private investment is a fundamental driver of global growth in the commercial real estate sector. Increased capital allocation toward real estate assets, infrastruc...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Purchases remain significant expenses for commercial real estate companies. High interest rates, inflation, labor costs and global geopolitical tensions strengthen these cost...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Global Commercial Real Estate industry in 2025?

The market size of the Global Commercial Real Estate industry is $5.8tr in 2025.

How many businesses are there in the Global Commercial Real Estate industry in 2025?

There are 9m businesses in the Global Commercial Real Estate industry, which has grown at a CAGR of 2.7 % between 2020 and 2025.

How may import tariffs affect the Global Commercial Real Estate industry?

The Global Commercial Real Estate industry is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Global Commercial Real Estate industry?

The Global Commercial Real Estate industry is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Global Commercial Real Estate industry grown or declined over the past 5 years?

The market size of the Global Commercial Real Estate industry has been growing at a CAGR of 3.2 % between 2020 and 2025.

What is the forecast growth of the Global Commercial Real Estate industry over the next 5 years?

Over the next five years, the Global Commercial Real Estate industry is expected to grow.

What does the Global Commercial Real Estate industry include?

Commercial leasing and Residential leasing are part of the Global Commercial Real Estate industry.

How competitive is the Global Commercial Real Estate industry?

The level of competition is moderate and steady in the Global Commercial Real Estate industry.

Methodology

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources globally include:

  • United Nations Comtrade
  • Organization for Economic Cooperation & Development
  • World Bank

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

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