GITNUX MARKETDATA REPORT 2024

The Most Surprising Commercial Real Estate Statistics And Trends in 2024

Statistic 1

"The hospitality sector faced a 62.9% decline in 2020 as travel restrictions took hold."

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Statistic 2

"The e-commerce boom is propelling industrial real estate demand, with a 22.2% increase in occupancy rates in 2020."

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Statistic 3

"Commercial real estate contributes approximately 13% to the U.S. GDP."

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Statistic 4

"The demand for life sciences real estate surged by 12% in 2020."

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Statistic 5

"Investments in green building projects within commercial real estate grew by 29% in 2020."

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Statistic 6

"In Europe, commercial real estate transactions reached €275 billion in 2020."

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Statistic 7

"In Q4 2020, tenant demand for flexible office spaces increased by 19% year-over-year."

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Statistic 8

"Office vacancy rates in the U.S. were at 16.4% in Q3 2020."

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Statistic 9

"Commercial real estate prices in major global cities such as New York and London experienced an increase of 4.3% from 2019 to 2020."

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Statistic 10

"Nareit reports a 40% reduction in REIT stock prices in 2020 due to economic uncertainty."

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Statistic 11

"Retail real estate saw a 20% decline in sales in 2020 due to pandemic-related restrictions."

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Statistic 12

"The average cap rate for office properties in the U.S. was 6.3% in 2020."

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Statistic 13

"The global commercial real estate market size was estimated at $33.57 trillion in 2020."

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Statistic 14

"Real estate tech investment reached $23.8 billion in 2020."

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Statistic 15

"In 2020, commercial real estate investment sales volume in the U.S. was approximately $405.52 billion."

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Statistic 16

"The global market is expected to grow at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028."

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Statistic 17

"The adoption of proptech solutions in the commercial real estate industry accelerated, growing by 43% in 2020."

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Statistic 18

"In the U.S., the commercial real estate lending market decreased by 16% in 2020 as lenders tightened credit standards."

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Statistic 19

"The vacancy rate for retail strip centers in the U.S. peaked at 10.4% in mid-2020."

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Statistic 20

"The Asia-Pacific region accounted for the largest market share in commercial real estate in 2020."

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