2025 Retail And Other Commercial Buildings Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Retail And Other Commercial Buildings Market Size By 2025?
The increase in the market size of retail and other commercial buildings has been consistent in recent years. It is expected to expand from $414.25 billion in 2024 to $428.23 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. The growth during the historical period can be credited to factors such as economic expansion and consumer expenditure, urbanization alongside population density, consumer behavior and purchasing preferences, trends in commercial property investments, and government policies with zoning rules.

How Big Is the Retail And Other Commercial Buildings Market Size Expected to Grow by 2029?
Expectations are high for a consistent growth trajectory in the retail and commercial buildings market in the coming years, with its value likely to hit $494.36 billion by 2029, boasting a compound annual growth rate (CAGR) of 3.7%. This predicted growth can be associated with factors such as the integration of e-commerce and omnichannel retail, the rise of sustainable building methods and green certification, alterations in work habits, the introduction of mixed-use developments and revamping of urban areas, and considerations for health and safety within building design. Some anticipated trends throughout this forecast period can be seen in the increased attention towards health and safety regulations, the growing appeal of mixed-use developments, the integration of biophilic design components, the shift towards contact-free and cashless transactions, and designs inspired by e-commerce trends.

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Which Key Market Drivers Powering Retail And Other Commercial Buildings Market Expansion and Growth?
Retail and other commercial buildings market is forecasted to see significant growth due to the increase in retail space. Retail space, which includes shopping centers, strip malls, and stand-alone stores, is commercial property utilized for selling goods or services to consumers. Industry giants such as Amazon, Walmart, and Target have fueled the rapid growth in retail space. This is expected to spur the construction of new retail outlets and similar structures. The Wall Street Journal, a US business and economy-focused international daily newspaper, reported in July 2022 that Amazon, the US-based e-commerce giant, has expedited the expansion of its warehouse space to keep up with customer demand, with warehouse space growing from 165 million square feet to 379 million square feet. In addition, WeWork India, an India-based space-as-a-service platform, leased 3.62 lakh square feet of office space in 2022 as part of its expansion plans for flexible workspaces. Hence, the robust expansion of retail space is fueling the growth of the retail and other commercial buildings market.

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Which Fast-Growing Trends Are Poised to Disrupt the Retail And Other Commercial Buildings Market?
A key trend gaining traction in the retail and other commercial buildings market is product innovation. The major players in this market are focusing on creating innovative solutions to solidify their market standing. Take for instance, Contruent, a US-based capital project management company specialized in handling large-scale construction projects. They introduced Contruent Enterprise, a SaaS-based solution in February 2023. This solution equips owners as well as engineering, procurement, and construction teams with the tools to finish projects quicker and more accurately. The software enhances the scheduling and budget management of construction projects through a customizable dashboard and integrated features like cost and schedule, engineering, contract, and field management.

What Are the Emerging Segments in the Retail And Other Commercial Buildings Market?
The retail and other commercial buildings market covered in this report is segmented -

1) By Building Type: Smart Buildings, Traditional Buildings
2) By Application: Residential Buildings, Non-Residential Buildings
3) By End-User: Offices, Retail, Leisure, Other End-Users

Subsegments:
1) By Smart Buildings: Energy-Efficient Buildings, IoT-Integrated Buildings, Automated Control Systems, Green Buildings
2) By Traditional Buildings: Conventional Retail Spaces, Office Buildings, Warehouses, Mixed-Use Developments

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Who Are the Global Leaders in the Retail And Other Commercial Buildings Market?
Major companies operating in the retail and other commercial buildings market include Kneeland Construction Corporation, JL Schwieters Construction, Bechtel Corporation, Fluor Corporation, The Whiting-Turner Contracting Company, Emcor Group Inc., Turner Construction Co., Gilbane Building Company, Hensel Phelps Construction Co., The Walsh Group, Balfour Beatty Inc., Swinerton Inc., McCarthy Building Companies, Dunn Construction Group Inc., Holder Construction Group LLC, CBRE Group Inc., Cushman & Wakefield plc, Jones Lang LaSalle Incorporated, Colliers International India Property Services Pvt Ltd., Lincoln Property Company, Hines Interests Limited, Prologis Inc., Newmark Group Inc., Kimco Realty Corporation, Kittle Property Group Inc., Houlihan-Parnes Realtors LLC, Brookfield Properties Pvt. Ltd., Robert A.M. Stern Architects LLP, Elkus Manfredi Architects, M. Arthur Gensler Jr. & Associates Inc., Tishman Speyer Properties L.P., Lewis Management Corp., Neoscape Inc.

Which are the Top Profitable Regional Markets for the Retail And Other Commercial Buildings Industry?
Asia-Pacific was the largest region in the retail and other commercial buildings market in 2024. The regions covered in the retail and other commercial buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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