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Office Buildings Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
The Office Buildings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].How Big Is the Office Buildings Market Size Expected to Be by 2034?
In recent times, the market for office buildings has seen a slight increase in size. It is projected to rise from a valuation of $559.82 billion in 2024, to a higher value of $570.62 billion in 2025, experiencing a compound annual growth rate (CAGR) of 1.9%. Factors contributing to the growth observed in the historic period encompass economic enhancement and business broadening, urbanization and the creation of commercial hubs, the relocation and merger of corporations, the transformation in workplace environments, and regulations set by the government and zoning laws.
Expectations are high for a consistent expansion in the office buildings market over the next few years. The market is projected to inflate to a substantial $628.29 billion by 2029, with a compound annual growth rate (CAGR) of 2.4%. This anticipated growth over the forecast period can be linked to factors such as sustainable and green building principles, the rise of remote work and adaptable office areas, enhanced technological integration for effectiveness, mixed-use developments, and a focus on corporate health and employee experience. The forecast period is also likely to witness trending aspects like greater focus on employee experience, the usage of biophilic design features, touch-free technologies, flexible and adaptable office fittings, and retrofitting for increased energy efficiency.
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How Are Emerging Segments Shaping the Office Buildings Market Landscape?
The office buildings market covered in this report is segmented -
1) By Building Type: Smart Buildings, Traditional Buildings
2) By Construction Type: New Construction, Renovation
3) By Application: Owned, Rental
4) By End User: Private, Public
Subsegments:
1) By Smart Buildings: Energy-Efficient Buildings, Automated Buildings, Green-Certified Buildings, IoT-Integrated Buildings, Connected Buildings
2) By Traditional Buildings: Conventional Office Buildings, Historic Or Heritage Buildings, Modular Buildings, Flex Space Offices, Other Traditional Office Structures
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Which Growth Factors Are Influencing Office Buildings Market Expansion?
The future growth of the office buildings market is projected to be driven by the increasing demand from companies taking steps towards expansion. This expansion, which broadens the scope of their operations and boosts revenue, entails a surge in the necessity for new employees. In turn, additional office spaces become vital to fit these new staff members. For example, a study by UK-based fintech company Airwallex in October 2022 established that 70% of 500 small and medium-sized enterprises (SMEs) based in the UK are planning either to extend or to further spread their presence into foreign markets by 2023. According to the study, two-thirds (64%) of these firms are eyeing Europe and North America for expansion, whereas a third (34%) are preparing to extend their businesses towards Middle East, Latin America, Africa, and Asia-Pacific. Thus, such growth strategies by companies are fuelling the progress of the office buildings market.
Who Are the Dominant Players Across Different Office Buildings Market Segments?
Major companies operating in the office buildings market include Kiewit Building Group Inc., Toll Brothers Inc., CBRE Group Inc., Bouygues S.A., Jacobs Solutions Inc., China Railway Construction Corporation Limited, Power Construction Corp., China State Construction Engineering Co. Ltd., Jones Lang LaSalle Inc., Colliers International India Property Services Pvt. Ltd., Skanska AB, Gilbane Building Company, Holcim Ltd., The Korte Company, W.G. Yates & Sons Construction Co., Cushman & Wakefield plc, Newmark Knight Frank, Transwestern Development Company, Marcus & Millichap Inc., Eastdil Secured International Ltd., Savills plc, Avison Young Inc., Kidder Mathews Inc., Lee & Associates Commercial Real Estate Services., Berkshire Hathaway HomeServices, Keller Williams Realty Inc., Coldwell Banker Real Estate LLC, RE/MAX LLC, Sotheby's International Realty LLC, Simon Property Group plc, Kilroy Realty Corp., Realty Income Corporation, Prologis Inc., Alexandria Real Estate Equities Inc., Boston Properties Inc., Vornado Realty Trust
What Are the Latest Developing Trends in the Office Buildings Market?
The increasing interest in sustainability and energy-efficient workspaces is a significant trend in the office buildings market. Companies in this sector, aiming to achieve their carbon net-zero targets and meet the expectations of the newer workforce generation, are heavily investing in sustainability. In March 2023, for example, US software company Adobe finalized their eco-friendly office situated in San Jose, California. The completely electric building is powered by renewable energy sources, such as solar and wind power. A special type of glass is utilized to lessen the temperature extremes infiltrating the building. Moreover, recycling efforts are in place to manage 90% of the waste to keep it from accumulating in landfills. The heating and cooling system is powered by air source heat pumps rather than furnaces.
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Which Geographic Regions Are Expected to Dominate the Office Buildings Market in the Coming Years?
Europe was the largest region in the office buildings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the office buildings market report during the forecast period. The regions covered in the office buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Office Buildings Market?
2. What is the CAGR expected in the Office Buildings Market?
3. What Are the Key Innovations Transforming the Office Buildings Industry?
4. Which Region Is Leading the Office Buildings Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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