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Commercial And Institutional Land Planning And Development Market Market Poised for 8 % Growth, Set to Hit $43.66 Billion by 2029
Commercial And Institutional Land Planning And Development Market Analysis
The commercial and institutional land planning and development market is poised for growth, spurred by an uptick in construction activities. This market encompasses businesses involved in the design, construction, and development of industrial, commercial, and residential buildings, utilizing various construction materials. Increased construction precipitates a heightened need for land planning and development to ensure optimal use of land spaces. For example, the Office for National Statistics, a UK-based organization that independently produces official statistics, reported that total construction new orders grew by 16.5% £1,771 million ($2,224 million) in Quarter 2 of 2024 when contrasted with Quarter 1 of 2024. Such quarterly growth was largely attribute to an upsurge in private commercial new work and infrastructure new work, rising by 15.1% £503 million ($637 million) and 23.4% £389 million ($490 million) respectively. Consequently, the upswing in demand from the construction industry is fueling the expansion of the cobblestone market.
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What Is the projected market size and growth rate for the commercial and institutional land planning and development market market?
The market size for planning and development of commercial and institutional land has seen robust growth in the past few years. Projected growth is from $29.79 billion in 2024 to $32.24 billion in 2025 with a compound annual growth rate (CAGR) of 8.2%. This growth in the historic period can be traced back to the trends in urbanization, rise in population and migration, initiatives for economic development, zoning and regulatory policies, and strategies for corporate expansion.
The market size for commercial and institutional land planning and development is set to undergo considerable expansion in the coming years, with a prediction to reach "$43.66 billion in 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 7.9%. The anticipated growth in this period is linked to sustainable and green development, advancements in technology and infrastructure, the trend towards mixed-use developments, readiness planning concerning climate change, and public-private collaborations. Key trends to watch during the forecast period comprise inclusivity in design, initiatives centred around urban rejuvenation, the incorporation of green spaces, focus on robust infrastructure, and designs that cater to the community with significant stakeholder participation.
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What new trends are reshaping the commercial and institutional land planning and development market market and its opportunities?
The trend of strategic alliances is increasingly prominent in the commercial and institutional land planning and development sector. To secure larger land deals and effectively manage their outlays, key industry players are actively seeking partnerships. Take for example the scenario in August 2022, when GTIS Partners, a real estate investment entity based in the United States, teamed up with Collett Industrial, an American industrial land development firm, to launch a joint venture that would acquire and develop two projects. These projects had a total capitalization of $140 million in the Greenville-Spartanburg MSA. Willimon Business Park, one of these ventures, has established long-term contracts or letters of intent with tenants involving approximately 520,000 square feet of space. Situated adjacent to each other in the same opportunity zone on the eastern side of the South Carolina Technology & Aviation Center, these GSP projects, upon completion, will offer nearly 1.2 million square feet of industrial space. Interestingly, about 110 companies conduct their businesses at the SCTAC, recognized as one of the largest business parks in South Carolina.
What major market segments define the scope and growth of the commercial and institutional land planning and development market market?
The commercial and institutional land planning and development market market covered in this report is segmented -
1) By Type: Industrial, Commercial, Residential
2) By Ownership: Chained, Standalone
3) By Application: Business, Construction, Services, Other Applications
Subsegments:
1) By Industrial: Manufacturing Facilities, Warehousing And Distribution Centers, Industrial Parks
2) By Commercial: Retail Developments, Office Buildings, Hospitality
3) By Residential: Single-Family Homes, Multi-Family Housing, Mixed-Use Developments
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Which region dominates the commercial and institutional land planning and development market market?
Asia-Pacific was the largest region in the commercial and institutional land planning and development market in 2024. The regions covered in the commercial and institutional land planning and development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the commercial and institutional land planning and development market industry growth?
Major companies operating in the commercial and institutional land planning and development market market include Daniel Corporation, Halpern Enterprises Inc., Holder Properties Inc., Jacoby Development Inc., Bolis Properties LLC., Crown Holdings Group, Merlin Land Planning and Development Ltd., Fuehrer Associates Ltd., Founthill Ltd., JIG - Planning & Development Ltd., Pacific Land Group, H2 LAND Ltd., Kitchener Land and Planning Ltd., Merrick & Company, Baseline Group, Hines Interests Limited, Brookfield Properties, CBRE Group Inc., Cushman & Wakefield Inc., Colliers International Group Inc., Gensler & Associates Inc., Perkins&Will, WSP Global Inc., Nikken Sekkei Ltd., CannonDesign, GHD Group Pty. Ltd., Rambøll Group A/S, The Mott MacDonald Group, Arcadis NV, Kiewit Corporation
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What Is Covered In The Commercial And Institutional Land Planning And Development Market Global Market Report?
• Market Size Forecast: Examine the commercial and institutional land planning and development market market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the commercial and institutional land planning and development market market for a structured understanding.
• Key Players Overview: Analyze major players in the commercial and institutional land planning and development market market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the commercial and institutional land planning and development market market.
• Segment Contributions: Evaluate how different segments drive overall growth in the commercial and institutional land planning and development market market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the commercial and institutional land planning and development market market.
• Industry Challenges: Identify potential risks and obstacles affecting the commercial and institutional land planning and development market market.
• Competitive Landscape: Review strategic developments in the commercial and institutional land planning and development market market, including expansions, agreements, and new product launches.
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