Retail Space Boom Fuels Expansion In Retail And Commercial Buildings Market: A Key Catalyst Accelerating Retail And Other Commercial Buildings Market Growth in 2025

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Retail And Other Commercial Buildings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for retail and other commercial buildings has experienced continual growth over recent years. The projection is that it is set to expand from $404.9 billion in 2024 to $413.68 billion in 2025, indicating a compound annual growth rate (CAGR) of 2.2%. The thriving progression during the historic period can be credited to factors such as economic expansion and consumer expenditure, increasing urbanization and population concentration, shifting consumer behaviors and shopping tendencies, trends in commercial real estate investment, as well as government policies and spatial planning regulations.

Retail And Other Commercial Buildings Market Size Forecast: What's the Projected Valuation by 2029?
Predictions indicate a consistent rise in the market size of retail and other commercial buildings over the next few years. By 2029, it is projected to reach a value of $476.64 billion, with a compound annual growth rate (CAGR) of 3.6%. Factors contributing to this projected growth within the forecast period include integration of e-commerce and omnichannel retail, environmentally-friendly building methods and green certifications, adjustments due to alterations in work patterns, blend of different uses in urban developments and city rejuvenation, and consideration of health and safety protocols in building design. Notable trends within this forecast period include a heightened focus on health and safety regulations, an increased interest in mixed-use developments, the inclusion of biophilic design components, a shift towards contactless and cashless transactions, and the impact of e-commerce on design.

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What Are the Drivers Transforming the Retail And Other Commercial Buildings Market?
The rise in retail space is predicted to fuel the growth of the retail and other commercial buildings market in the future. Retail space, a commercial area for the sale of goods or services to customers that includes shopping centers, strip malls, and standalone stores, is expanding notably. This boom is primarily driven by major retailers such as Amazon, Walmart, and Target. This, in turn, will lead to the construction of new retail and similar structures. For example, the Wall Street Journal reported in July 2022 that Amazon, a US-based e-commerce company, hastened the enlargement of its warehouse space to satisfy consumer demand, growing from 165 million square feet to a staggering 379 million square feet. Additionally, in 2022, WeWork India, an India-based space-as-a-service platform, secured a lease for 3.62 lakh square feet of office space as part of their growth strategy for flexible workspace. Therefore, this burgeoning growth in the retail space directly influences the advancement of the retail and other commercial buildings market.

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What Are the Key Trends Driving Retail And Other Commercial Buildings Market Growth?
The adoption of product innovation is becoming a growing trend in the retail and other commercial buildings sector. Dominant businesses in the retail and commercial buildings market are concentrating on creating pioneering solutions to consolidate their market stance. For example, in February 2023, US-based organization Contruent, specialising in capital project management for large-scale construction projects, introduced Contruent Enterprise. This SaaS-based solution enables owners as well as engineering, procurement, and construction teams to speedily and accurately complete projects. The software aids in enhancing the scheduling and budget administration of construction projects with a versatile dashboard and various other elements like integrated cost, schedule, engineering, contract handling, and field administration.

Which Segments in the Retail And Other Commercial Buildings Market Offer the Most Profit Potential?
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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Which Firms Dominate the Retail And Other Commercial Buildings Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Retail And Other Commercial Buildings Market?
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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