Gitnux/Report 2026

Property Industry Statistics

With US office vacancy hitting 19.6% in Q4 2023, the commercial market’s most persistent stress point is no longer hidden in the footnotes, alongside tightening elsewhere such as UK prime office rents down 10% in 2023 and US industrial vacancy easing to 5.3%. From REIT and fund flows to housing price momentum and green building take up, this page stitches together the biggest 2023 shifts that will shape where investors and landlords position next.
95Statistics
5Sections
7mRead
June 21, 2026Updated
Property Industry Statistics
Kevin O'BrienWritten by Kevin O'Brien·Edited by Leah Kessler·Fact-checked by Yumi Nakamura
Published ·Updated
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 27 days
The US office vacancy rate hit 19.6% in Q4, the highest level since 2010. London prime office rents fell 10% in 2023 to £130 per sq ft, even as the US industrial vacancy rate dropped to 5.3% in Q4. Across offices, retail, logistics, housing, and investment, the latest metrics show where tenant demand is stabilizing and where it is still deteriorating.

Key Takeaways

  • US office vacancy rate reached 19.6% in Q4 2023, highest since 2010
  • Global shopping center vacancy averaged 8.2% in 2023
  • UK prime office rents in London fell 10% in 2023 to £130/sq ft
  • Global real estate investment volume fell 28% to $810bn in 2023
  • US REIT total returns averaged 8.2% in 2023
  • APAC real estate funds raised $25bn in 2023, down 40%
  • Global residential rental yields averaged 5.1% in 2023
  • US multifamily asking rents up 2.8% YoY to $1,700 in Q4 2023
  • UK private rental sector grew to 5 million households in 2023
  • In 2023, the US median existing-home sales price reached $389,800, up 5.7% from 2022
  • Globally, residential property prices rose by 5.6% in Q2 2023 year-over-year
  • UK house prices increased by 1.7% in 2023, with average price at £285,000
  • Global green building certifications reached 25,000 projects in 2023, covering 4.5bn sq ft
  • US buildings accounted for 39% of carbon emissions in 2023
  • Europe net-zero buildings investment hit €50bn in 2023

Office and investment stress dominates 2023 as vacancies rise and commercial deal volumes fall worldwide.

Related reading

01 · Category

Commercial Market19 stats

01
US office vacancy rate reached 19.6% in Q4 2023, highest since 2010
02
Global shopping center vacancy averaged 8.2% in 2023
03
UK prime office rents in London fell 10% in 2023 to £130/sq ft
04
US industrial vacancy rate dropped to 5.3% in Q4 2023
05
China's commercial property investment declined 9.8% in 2023
06
Australia retail sales space vacancy was 2.8% in 2023
07
Europe hotel occupancy rate averaged 68% in 2023
08
US multifamily vacancy rate was 6.8% in Q4 2023
09
Singapore office rents down 5.1% YoY in 2023
10
India commercial leasing volume reached 62 million sq ft in 2023, up 26%
11
Germany retail vacancy rate at 4.5% in 2023
12
US flex space vacancy 8.2% in Q4 2023
13
Brazil office vacancy up to 15.2% in Sao Paulo 2023
14
Japan logistics rents rose 8% in 2023
15
Canada retail vacancy 4.1% nationally in 2023
16
France commercial investment volume down 45% to €18.5bn in 2023
17
South Korea office vacancy 12.3% in Seoul 2023
18
UAE hotel RevPAR up 15% to AED 450 in 2023
19
Netherlands industrial take-up 3.2 million sqm in 2023
Interpretation

Commercial Market Interpretation

The global property market has delivered a report card that reads: "While warehouses are packed, hotels are busy, and some retail is surprisingly resilient, the office sector's performance is so universally dismal that it might need to borrow a couch from the booming industrial sector until it figures its life out."

03 · Category

Rental and Leasing19 stats

01
Global residential rental yields averaged 5.1% in 2023
02
US multifamily asking rents up 2.8% YoY to $1,700 in Q4 2023
03
UK private rental sector grew to 5 million households in 2023
04
Australia median rent AUD 550/week in capital cities 2023, up 9%
05
China's long-term rental market valued at RMB 300bn in 2023
06
US office asking rents $33/sq ft nationally in 2023
07
India residential rental growth 8.5% in top 7 cities 2023
08
Germany rental vacancy rate 1.8% in major cities 2023
09
Canada average rent CAD 2,100/month in 2023, up 8%
10
France rental index up 3.2% in 2023
11
Brazil residential rents rose 7.1% in 2023
12
Japan office leasing demand down 5% in Tokyo 2023
13
South Africa rental yields 9.2% average in 2023
14
Spain tourist rental supply up 15% to 300,000 units 2023
15
Singapore HDB rents up 6.8% YoY in 2023
16
US retail rents stable at $23/sq ft nationally 2023
17
Italy rental contracts up 4% to 2.1 million in 2023
18
Mexico office rents down 2% in CDMX 2023
19
Netherlands retail rents fell 3.5% in prime locations 2023
Interpretation

Rental and Leasing Interpretation

From the relentless climb of rents in Canada and Australia to the stubborn emptiness of offices in Japan and Mexico, the global property market in 2023 screamed a single, unifying truth: everyone needs somewhere to live, but nobody is quite sure where to work.

More related reading

04 · Category

Residential Market20 stats

01
In 2023, the US median existing-home sales price reached $389,800, up 5.7% from 2022
02
Globally, residential property prices rose by 5.6% in Q2 2023 year-over-year
03
UK house prices increased by 1.7% in 2023, with average price at £285,000
04
In Australia, median dwelling prices hit AUD 776,000 in Sydney by end-2023, up 6.1%
05
China's residential property sales volume fell 8.5% in 2023 to 1.02 trillion sqm
06
US new home sales averaged 668,000 units annually in 2023
07
Inventory of existing homes for sale was 1.11 million units in Dec 2023, up 3.5% MoM
08
Homeownership rate in US stood at 65.7% in Q3 2023
09
In Canada, average home price was CAD 685,000 in Nov 2023, down 1.5% YoY
10
India's residential sales reached 303,000 units in 2023, up 22% YoY
11
Germany residential property prices grew 1.2% in 2023
12
US housing starts were 1.41 million units in 2023, down 1.7% YoY
13
Average US home size was 2,299 sq ft for new single-family homes in 2023
14
France house prices rose 4.8% YoY in Q3 2023
15
Brazil residential sales volume increased 12.4% in 2023 to 1.2 million units
16
Japan home prices up 2.1% in 2023, average ¥35 million
17
South Africa property prices grew 0.5% in 2023
18
Spain residential transactions up 11% to 582,316 in 2023
19
Mexico home sales rose 4.2% in 2023 to 1.1 million units
20
Italy house prices increased 2.3% YoY in 2023
Interpretation

Residential Market Interpretation

From Sydney to Spain, the global property market in 2023 painted a picture of stubborn resilience, where house prices mostly defied gravity with modest gains, though a few key markets like China reminded us that what goes up must, occasionally, come down for a breather.

05 · Category

Sustainability and Innovation19 stats

01
Global green building certifications reached 25,000 projects in 2023, covering 4.5bn sq ft
02
US buildings accounted for 39% of carbon emissions in 2023
03
Europe net-zero buildings investment hit €50bn in 2023
04
PropTech funding globally $18bn in 2023, down 38% YoY
05
China green building floor area exceeded 30bn sqm by 2023
06
US smart building market valued at $100bn in 2023
07
UK EPC A-rated homes only 1% of stock in 2023
08
Global BIM adoption rate 70% in new projects 2023
09
Australia net-zero emissions target driving 20% green retrofits in 2023
10
India PropTech startups raised $1.2bn in 2023
11
US energy-efficient mortgages issued $20bn in 2023
12
Singapore green mark certified buildings 35% of stock in 2023
13
Global modular construction market $120bn in 2023, up 6%
14
Brazil LEED certified projects doubled to 150 in 2023
15
Japan zero-energy houses 10% of new builds in 2023
16
Canada ESG real estate investment $15bn in 2023
17
France RE2020 standard applied to 100% new buildings from 2023
18
UAE 50% green buildings target met early in 2023
19
Global IoT devices in buildings 1.5bn units in 2023
Interpretation

Sustainability and Innovation Interpretation

The property industry’s race toward sustainability is both heartening and sobering, for while green certifications and investments are soaring, carbon footprints remain stubbornly high, and the tech enabling this transformation is navigating choppy financial waters.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Kevin O'Brien. (2026, February 27). Property Industry Statistics. Gitnux. https://gitnux.org/property-industry-statistics
MLA
Kevin O'Brien. "Property Industry Statistics." Gitnux, 27 Feb 2026, https://gitnux.org/property-industry-statistics.
Chicago
Kevin O'Brien. 2026. "Property Industry Statistics." Gitnux. https://gitnux.org/property-industry-statistics.

Sources & references

76 sources cited across this report

  1. nar.realtor
  2. numbeo.com
  3. zoopla.co.uk
  4. corelogic.com.au
  5. globalpropertyguide.com
  6. census.gov
  7. creastats.crea.ca
  8. anarock.com
  9. destatis.de
  10. insee.fr
  11. abrainc.org.br
  12. mlit.go.jp
  13. ine.es
  14. infonavit.org.mx
  15. istat.it
  16. cbre.us
  17. icsc.com
  18. cushmanwakefield.com
  19. jll.us
  20. stats.gov.cn
  21. scoliosis.com.au
  22. str.com
  23. ura.gov.sg
  24. jll.co.in
  25. bbsr.bund.de
  26. colliers.com
  27. secovi.com.br
  28. jreit.or.jp
  29. collierscanada.com
  30. immobilier.notaires.fr
  31. cbregi.com
  32. jll.com
  33. nareit.com
  34. preqin.com
  35. rcs.int
  36. mris.com
  37. cbre.com
  38. investmentassociation.org
  39. ai-cio.com
  40. anbima.com.br
  41. crowdfundinsider.com
  42. moody.com
  43. hoskinscatania.com
  44. sareb.es
  45. sgx.com
  46. gob.mx
  47. yardi.com
  48. gov.uk
  49. sqmresearch.com.au
  50. hurun.net
  51. 99acres.com
  52. rentals.ca
  53. fipezap.com.br
  54. jll.co.jp
  55. property24.com
  56. idealista.com
  57. 99.co
  58. mexico.jll.com
  59. usgbc.org
  60. eia.gov
  61. worldgreenbuildingcouncil.org
  62. proptechbuzz.com
  63. mohurd.gov.cn
  64. marketsandmarkets.com
  65. autodesk.com
  66. climateworksaustralia.org
  67. inc42.com
  68. energy.gov
  69. bca.gov.sg
  70. mordorintelligence.com
  71. gbcbrasil.org.br
  72. meti.go.jp
  73. benefitcanada.com
  74. ecologie.gouv.fr
  75. u.ae
  76. statista.com