GITNUXREPORT 2025

Commercial Industry Statistics

Global commercial real estate market valued at $15.4 trillion in 2022.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

In 2022, there were over 7,000 new commercial property developments in the U.S., representing a 12% increase from the previous year

Statistic 2

The average lifespan of commercial office buildings in the U.S. is approximately 40-50 years

Statistic 3

The green building sector within commercial real estate accounted for nearly 35% of new commercial construction in 2023

Statistic 4

The number of sustainable (LEED-certified) commercial buildings increased by 20% in 2023 worldwide, reflecting growth in green building practices

Statistic 5

The average commercialization cost for a new retail store in the U.S. is estimated at around $350,000, varying by location and size

Statistic 6

Commercial real estate job creation in the U.S. added approximately 150,000 new positions in 2023, reflecting industry growth

Statistic 7

The proportion of mixed-use developments in major cities increased to 30% of new commercial projects in 2023, integrating retail, residential, and office space

Statistic 8

The average size of a new commercial retail store in the U.S. was approximately 10,000 square feet in 2023, indicating trends in retail store formats

Statistic 9

The adoption of green roofs in commercial buildings increased by 15% in 2023, contributing to sustainability efforts

Statistic 10

The average age of commercial office buildings in the U.S. is around 30 years, prompting renovation and retrofit projects

Statistic 11

The average cost of retrofitting existing commercial buildings to meet net-zero standards is approximately $3.50 per square foot, depending on building size and extent of upgrade

Statistic 12

The volume of global conference and convention center construction projects rose by 12% in 2023, driven by tourism recovery

Statistic 13

Approximately 12% of all commercial properties in North America are now LEED-certified, highlighting green building trends

Statistic 14

The global urban retail space increased by 10% in 2023, reflecting downtown redevelopment projects

Statistic 15

The market share of online commercial real estate platforms increased to 35% in 2023, reflecting digital transformation in property transactions

Statistic 16

The number of working capital investments in commercial real estate startups increased by 25% in 2023, signaling rising venture capital interest

Statistic 17

Commercial property crowdfunding platforms saw a record $1.8 billion in investments in 2023, a 22% increase over the previous year

Statistic 18

The global commercial real estate market was valued at approximately $15.4 trillion in 2022

Statistic 19

The commercial construction sector in the U.S. accounted for approximately $854 billion in economic output in 2022

Statistic 20

The global industrial real estate sector is expected to grow at a CAGR of 5.2% from 2023 to 2030

Statistic 21

The U.S. commercial property insurance market is valued at over $40 billion annually

Statistic 22

Approximately 70% of commercial buildings in the U.S. have incorporated some form of digital technology for smart building management

Statistic 23

E-commerce sales accounted for 13% of total retail sales worldwide in 2023, driving increased demand for warehousing and logistics spaces

Statistic 24

The global market for commercial solar photovoltaics is projected to reach $164 billion by 2027

Statistic 25

The global hospitality real estate market generated revenue of about $100 billion in 2023

Statistic 26

Approximately 60% of commercial leases in Europe are now signed with flexible terms, reflecting changing market demands

Statistic 27

Digital marketing investments in commercial real estate increased by 27% in 2023, emphasizing online presence importance

Statistic 28

The commercial drone market used for property inspection is projected to reach $2.3 billion globally by 2025

Statistic 29

Co-working spaces accounted for approximately 4.3% of all U.S. office space in 2023, with a total of over 250 million square feet

Statistic 30

The use of augmented reality (AR) in commercial real estate marketing increased by 45% in 2023, helping clients visualize spaces

Statistic 31

The global commercial property transactions volume was approximately $870 billion in 2022, marking a 15% increase from 2021

Statistic 32

Over 55% of commercial building owners in Asia-Pacific plan to invest in smart building technologies by 2025

Statistic 33

The global airport retail sector revenue was estimated to be around $27 billion in 2023, driven by increased air travel

Statistic 34

Office building energy consumption accounts for up to 30% of total energy use in commercial buildings globally

Statistic 35

The global data center market within commercial industry is valued at over $200 billion in 2023, with an expected CAGR of 4.9% until 2028

Statistic 36

Approximately 40% of commercial real estate investors worldwide are now adopting ESG (Environmental, Social, and Governance) criteria into their investment decisions

Statistic 37

The U.S. foodservice sector within commercial real estate is valued at around $362 billion annually, with an annual growth rate of 3.5%

Statistic 38

In 2023, approximately 65% of commercial property transactions involved properties valued over $5 million, indicating high market activity in luxury segments

Statistic 39

The global warehouse automation market is projected to grow at a CAGR of 12.4% from 2023 to 2030, driven by increasing logistics demands

Statistic 40

The annual energy cost savings for green certified commercial buildings can be up to 20% compared to conventional buildings, due to efficient energy systems

Statistic 41

The U.S. commercial real estate lending volume was over $300 billion in 2023, with a significant portion coming from institutional investors

Statistic 42

The use of blockchain technology in commercial real estate transactions increased by 18% in 2023, enhancing transparency and efficiency

Statistic 43

The global market for commercial office furniture is valued at approximately $22 billion as of 2023, with a CAGR of 5.1%, driven by workspace modernization

Statistic 44

The U.S. logistics and distribution centers market grew by 8% in 2023, driven by increasing e-commerce demand

Statistic 45

The global hotel real estate market had a revenue of approximately $100 billion in 2023, with Asia-Pacific accounting for nearly 45% of market share

Statistic 46

The amount of capital invested in green commercial real estate projects worldwide exceeded $150 billion in 2023, emphasizing a focus on sustainability

Statistic 47

Commercial property insurance premiums have increased by an average of 4.2% annually over the last five years, due to rising risk factors

Statistic 48

The share of women in commercial real estate leadership roles has increased to 28% in 2023, reflecting diversity initiatives

Statistic 49

Commercial building automation system market size was valued at $20 billion in 2023, with expectations of reaching $44.7 billion by 2028

Statistic 50

In 2023, the global commercial real estate debt market was valued at over $1.2 trillion, with increasing institutional participation

Statistic 51

The retail pharmaceutical segment within commercial real estate has grown by 7% in 2023, driven by expanded healthcare services

Statistic 52

The integration of AI in commercial property management is projected to increase by 30% in 2023, streamlining operations and maintenance

Statistic 53

The proportion of commercial real estate assets held by institutional investors increased to 65% in 2023, indicating market maturity

Statistic 54

The total global market value of commercial leasehold improvements was estimated at over $50 billion in 2023, reflecting investment in space customization

Statistic 55

In 2023, approximately 55% of commercial sector companies reported increasing their digital security measures, due to rising cyber threats

Statistic 56

Commercial rents in the United States reached an average of $35.56 per square foot annually in 2023

Statistic 57

Office vacancy rates in major U.S. cities averaged 16.4% in Q2 2023

Statistic 58

The U.S. retail space vacancy rate stood at 4.6% in mid-2023, the lowest in recent years

Statistic 59

The average rent for industrial warehouse spaces in North America was approximately $6.49 per square foot in 2023

Statistic 60

The shift to remote work has led to a 22% decrease in demand for traditional office space in major urban centers since 2020

Statistic 61

Commercial leasing rates in London increased by an average of 4.5% in the first half of 2023, reflecting ongoing demand in financial districts

Statistic 62

The U.S. industrial real estate vacancy rate was 4.2% in 2023, indicating robust demand for warehouse and logistics spaces

Statistic 63

The average operating expense ratio for commercial retail properties was around 25% in 2023, influencing rental pricing strategies

Statistic 64

The average occupancy rate for hotel properties worldwide was approximately 67% in 2023, affected by post-pandemic travel recovery

Statistic 65

Over 80% of retail sales in the U.S. occur in brick-and-mortar stores

Statistic 66

Retail bank branches have decreased by approximately 30% over the past decade due to digital banking, impacting retail space requirements

Statistic 67

Approximately 25% of commercial tenants in North America are now utilizing virtual tours before signing leases, streamlining leasing processes

Statistic 68

Approximately 45% of mall spaces in the U.S. were vacated or converted to other uses during 2022-2023 due to the retail shift towards e-commerce

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Key Highlights

The global commercial real estate market was valued at approximately $15.4 trillion in 2022
Commercial rents in the United States reached an average of $35.56 per square foot annually in 2023
Over 80% of retail sales in the U.S. occur in brick-and-mortar stores
The commercial construction sector in the U.S. accounted for approximately $854 billion in economic output in 2022
Office vacancy rates in major U.S. cities averaged 16.4% in Q2 2023
The global industrial real estate sector is expected to grow at a CAGR of 5.2% from 2023 to 2030
The U.S. commercial property insurance market is valued at over $40 billion annually
Approximately 70% of commercial buildings in the U.S. have incorporated some form of digital technology for smart building management
E-commerce sales accounted for 13% of total retail sales worldwide in 2023, driving increased demand for warehousing and logistics spaces
The global market for commercial solar photovoltaics is projected to reach $164 billion by 2027
In 2022, there were over 7,000 new commercial property developments in the U.S., representing a 12% increase from the previous year
The average lifespan of commercial office buildings in the U.S. is approximately 40-50 years
The global hospitality real estate market generated revenue of about $100 billion in 2023

The commercial industry is experiencing a dynamic transformation driven by rising investments, technological innovations, and evolving market demands—evidenced by a global market valuation of over $15.4 trillion, a surge in green building initiatives, and shifting trends towards digitalization and flexible leasing models in 2023.

Construction and Development Trends

In 2022, there were over 7,000 new commercial property developments in the U.S., representing a 12% increase from the previous year
The average lifespan of commercial office buildings in the U.S. is approximately 40-50 years
The green building sector within commercial real estate accounted for nearly 35% of new commercial construction in 2023
The number of sustainable (LEED-certified) commercial buildings increased by 20% in 2023 worldwide, reflecting growth in green building practices
The average commercialization cost for a new retail store in the U.S. is estimated at around $350,000, varying by location and size
Commercial real estate job creation in the U.S. added approximately 150,000 new positions in 2023, reflecting industry growth
The proportion of mixed-use developments in major cities increased to 30% of new commercial projects in 2023, integrating retail, residential, and office space
The average size of a new commercial retail store in the U.S. was approximately 10,000 square feet in 2023, indicating trends in retail store formats
The adoption of green roofs in commercial buildings increased by 15% in 2023, contributing to sustainability efforts
The average age of commercial office buildings in the U.S. is around 30 years, prompting renovation and retrofit projects
The average cost of retrofitting existing commercial buildings to meet net-zero standards is approximately $3.50 per square foot, depending on building size and extent of upgrade
The volume of global conference and convention center construction projects rose by 12% in 2023, driven by tourism recovery
Approximately 12% of all commercial properties in North America are now LEED-certified, highlighting green building trends
The global urban retail space increased by 10% in 2023, reflecting downtown redevelopment projects

Construction and Development Trends Interpretation

Amid robust growth with over 7,000 new developments and a surge in green building practices, the commercial real estate sector is both expanding and greening itself—balancing a 40-50 year lifespan for offices with a push for sustainable certifications, all while investing in innovative mixed-use spaces and retrofits that cost billions, ensuring the industry’s future is as dynamic as it is eco-conscious.

Investment and Funding Platforms

The market share of online commercial real estate platforms increased to 35% in 2023, reflecting digital transformation in property transactions
The number of working capital investments in commercial real estate startups increased by 25% in 2023, signaling rising venture capital interest
Commercial property crowdfunding platforms saw a record $1.8 billion in investments in 2023, a 22% increase over the previous year

Investment and Funding Platforms Interpretation

The surge in online platforms capturing 35% of commercial real estate market share, coupled with a 25% rise in startup investments and a record $1.8 billion in crowdfunding, underscores a digital revolution transforming property transactions from traditional to tech-driven ventures.

Market Size and Value

The global commercial real estate market was valued at approximately $15.4 trillion in 2022
The commercial construction sector in the U.S. accounted for approximately $854 billion in economic output in 2022
The global industrial real estate sector is expected to grow at a CAGR of 5.2% from 2023 to 2030
The U.S. commercial property insurance market is valued at over $40 billion annually
Approximately 70% of commercial buildings in the U.S. have incorporated some form of digital technology for smart building management
E-commerce sales accounted for 13% of total retail sales worldwide in 2023, driving increased demand for warehousing and logistics spaces
The global market for commercial solar photovoltaics is projected to reach $164 billion by 2027
The global hospitality real estate market generated revenue of about $100 billion in 2023
Approximately 60% of commercial leases in Europe are now signed with flexible terms, reflecting changing market demands
Digital marketing investments in commercial real estate increased by 27% in 2023, emphasizing online presence importance
The commercial drone market used for property inspection is projected to reach $2.3 billion globally by 2025
Co-working spaces accounted for approximately 4.3% of all U.S. office space in 2023, with a total of over 250 million square feet
The use of augmented reality (AR) in commercial real estate marketing increased by 45% in 2023, helping clients visualize spaces
The global commercial property transactions volume was approximately $870 billion in 2022, marking a 15% increase from 2021
Over 55% of commercial building owners in Asia-Pacific plan to invest in smart building technologies by 2025
The global airport retail sector revenue was estimated to be around $27 billion in 2023, driven by increased air travel
Office building energy consumption accounts for up to 30% of total energy use in commercial buildings globally
The global data center market within commercial industry is valued at over $200 billion in 2023, with an expected CAGR of 4.9% until 2028
Approximately 40% of commercial real estate investors worldwide are now adopting ESG (Environmental, Social, and Governance) criteria into their investment decisions
The U.S. foodservice sector within commercial real estate is valued at around $362 billion annually, with an annual growth rate of 3.5%
In 2023, approximately 65% of commercial property transactions involved properties valued over $5 million, indicating high market activity in luxury segments
The global warehouse automation market is projected to grow at a CAGR of 12.4% from 2023 to 2030, driven by increasing logistics demands
The annual energy cost savings for green certified commercial buildings can be up to 20% compared to conventional buildings, due to efficient energy systems
The U.S. commercial real estate lending volume was over $300 billion in 2023, with a significant portion coming from institutional investors
The use of blockchain technology in commercial real estate transactions increased by 18% in 2023, enhancing transparency and efficiency
The global market for commercial office furniture is valued at approximately $22 billion as of 2023, with a CAGR of 5.1%, driven by workspace modernization
The U.S. logistics and distribution centers market grew by 8% in 2023, driven by increasing e-commerce demand
The global hotel real estate market had a revenue of approximately $100 billion in 2023, with Asia-Pacific accounting for nearly 45% of market share
The amount of capital invested in green commercial real estate projects worldwide exceeded $150 billion in 2023, emphasizing a focus on sustainability
Commercial property insurance premiums have increased by an average of 4.2% annually over the last five years, due to rising risk factors
The share of women in commercial real estate leadership roles has increased to 28% in 2023, reflecting diversity initiatives
Commercial building automation system market size was valued at $20 billion in 2023, with expectations of reaching $44.7 billion by 2028
In 2023, the global commercial real estate debt market was valued at over $1.2 trillion, with increasing institutional participation
The retail pharmaceutical segment within commercial real estate has grown by 7% in 2023, driven by expanded healthcare services
The integration of AI in commercial property management is projected to increase by 30% in 2023, streamlining operations and maintenance
The proportion of commercial real estate assets held by institutional investors increased to 65% in 2023, indicating market maturity
The total global market value of commercial leasehold improvements was estimated at over $50 billion in 2023, reflecting investment in space customization
In 2023, approximately 55% of commercial sector companies reported increasing their digital security measures, due to rising cyber threats

Market Size and Value Interpretation

With the commercial real estate sector soaring to over $15 trillion globally and embracing innovations from AI to AR—while investors and insurers upgrade safeguards and sustainability efforts—it's clear that the industry is not only building tomorrow's skyline but also securing and smartening it for the future.

Rental and Occupancy Rates

Commercial rents in the United States reached an average of $35.56 per square foot annually in 2023
Office vacancy rates in major U.S. cities averaged 16.4% in Q2 2023
The U.S. retail space vacancy rate stood at 4.6% in mid-2023, the lowest in recent years
The average rent for industrial warehouse spaces in North America was approximately $6.49 per square foot in 2023
The shift to remote work has led to a 22% decrease in demand for traditional office space in major urban centers since 2020
Commercial leasing rates in London increased by an average of 4.5% in the first half of 2023, reflecting ongoing demand in financial districts
The U.S. industrial real estate vacancy rate was 4.2% in 2023, indicating robust demand for warehouse and logistics spaces
The average operating expense ratio for commercial retail properties was around 25% in 2023, influencing rental pricing strategies
The average occupancy rate for hotel properties worldwide was approximately 67% in 2023, affected by post-pandemic travel recovery

Rental and Occupancy Rates Interpretation

As commercial rents continue their upward climb amid shrinking office spaces and resilient retail and industrial sectors, the industry’s landscape suggests a cautious optimism, but with a clear message: in a world of remote work and shifting retail fronts, location still matters—just perhaps less than the ability to adapt.

Retail and Consumer Behavior

Over 80% of retail sales in the U.S. occur in brick-and-mortar stores
Retail bank branches have decreased by approximately 30% over the past decade due to digital banking, impacting retail space requirements
Approximately 25% of commercial tenants in North America are now utilizing virtual tours before signing leases, streamlining leasing processes
Approximately 45% of mall spaces in the U.S. were vacated or converted to other uses during 2022-2023 due to the retail shift towards e-commerce

Retail and Consumer Behavior Interpretation

As brick-and-mortar retail still accounts for over 80% of U.S. sales, yet 45% of mall spaces were vacated or repurposed amid a 30% decline in bank branches and a quarter of commercial leasing going virtual, it's clear the retail landscape is shifting from physical dominance to a hybrid model where digital innovation quietly reshapes the traditional storefront.