North America Commercial Real Estate Market is Expected to grow at a robust CAGR of 4.23% through 2030F
The
North America commercial real estate market is set to be led by the
multi-family housing sector, driven by increasing urbanization and the growing
demand for rental properties, during the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Commercial Real Estate Market – By Country, Competition, Forecast &
Opportunities, 2020-2030F, The North America Commercial Real Estate Market
was valued at USD 1.31 Billion in 2024 and is expected to reach USD 1.68
Billion by 2030 with a CAGR of 4.23% during the forecast period.
Government
investment in transportation, energy, and civic infrastructure is acting as a
strong catalyst for the expansion of commercial real estate across North
America. National-level programs like the Infrastructure Investment and Jobs
Act in the United States and comparable municipal funding strategies in Canada
and Mexico are channeling billions of dollars into roads, bridges, public
transit, and utilities. These upgrades significantly enhance the attractiveness
of surrounding commercial property zones, increasing land value and business
viability. As accessibility improves and utilities are modernized, developers
find greater incentive to invest in commercial projects ranging from office
parks to shopping centers and data centers.
In
urban and suburban areas, enhanced transportation networks are increasing the
feasibility of large-scale mixed-use developments. Energy efficiency mandates
are encouraging developers to retrofit older buildings with environmentally
sustainable features, which boosts tenant interest and aligns with investor
expectations. Infrastructure development also creates temporary demand for
commercial space for project staging, worker accommodations, and support
services. This dynamic builds a self-sustaining cycle where infrastructure
fuels commercial expansion, which in turn stimulates economic growth and
increases government revenue through property and corporate taxes.
The
continued growth of e-commerce across North America has catalyzed a structural
transformation within the commercial real estate market, leading to heightened
demand for industrial and logistics infrastructure such as distribution
centers, fulfillment hubs, and last-mile delivery facilities. Consumers'
increasing reliance on digital shopping platforms has placed immense pressure
on retailers to accelerate order fulfillment and optimize supply chains,
thereby creating unprecedented demand for strategically located warehousing and
logistics real estate. The rise of same-day and next-day delivery expectations
has prompted companies to prioritize proximity to major urban markets,
resulting in land acquisition and redevelopment activities around metropolitan
peripheries and transport corridors. Real estate developers are responding by
retrofitting obsolete retail centers, vacant industrial parks, and even
underperforming office spaces into state-of-the-art distribution hubs equipped
with automation technologies, cold storage capabilities, and scalable
warehousing configurations. Institutional investors are shifting portfolio
allocations toward logistics assets due to their stable occupancy rates, long
lease terms, and increasing rental rates.
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Based
on Business, Rental is the fastest-growing segment, primarily driven by the
increasing demand for flexible and short-term leasing options across various
property types. Businesses are opting for rental arrangements instead of
purchasing properties due to the reduced upfront capital required and the flexibility
it offers in adapting to changing market conditions. This trend is particularly
prominent in the office and industrial sectors, where companies are shifting
towards smaller, more flexible spaces to meet evolving workforce needs and
operational requirements.
The
rental market benefits from the rise of co-working spaces, which offer scalable
solutions for startups, remote workers, and growing companies seeking
cost-effective space without long-term commitments. Urban areas, with their
high demand for office and retail space, have further fueled the growth of the
rental market. Developers are focusing on creating flexible rental solutions,
incorporating advanced technology and services, which enhance the appeal of
rental spaces. The growing preference for renting, coupled with the ongoing
trend of businesses adapting to hybrid work models, positions the rental
segment as a key driver of growth in the North America commercial real estate
market during the forecast period.
Based
on country, Mexico is
rapidly emerging as the fastest-growing country in the North America Commercial
Real Estate Market, driven by robust economic growth, an expanding middle
class, and increased foreign investment. The country’s strategic location,
particularly as a hub for manufacturing and logistics, has made it an
attractive destination for commercial real estate development. Mexico's growing
industrial and logistics sectors, fueled by the continued expansion of
e-commerce and nearshoring trends, have significantly boosted demand for
warehouse and distribution spaces.
The
rise in urbanization and the increasing demand for office and retail spaces in
major cities like Mexico City and Monterrey are also contributing to the growth
of the market. With favorable government policies and infrastructure
development projects in place, Mexico is expected to continue attracting both
local and international real estate developers, positioning itself as a key
player in the North America Commercial Real Estate Market.
Key
market players in the North America Commercial Real Estate market are: -
- CBRE
Group, Inc.
- Jones
Lang Lasalle Incorporated
- Cushman
& Wakefield plc
- Colliers
International Group Inc.
- Brookfield
Properties LLC
- Keller
Williams Realty, Inc.
- Marcus
& Millichap, Inc.
- Prologis,
Inc.
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“The
North America commercial real estate market is poised for steady growth, driven
by the increasing demand for industrial and logistics spaces, fueled by the
rise of e-commerce and supply chain transformation. The office and multi-family
sectors will see continued expansion as businesses adopt hybrid work models and
urbanization drives demand for residential spaces. Technological advancements
in building management and sustainability will also shape the market, leading
to smarter, eco-friendly commercial properties. As investment in infrastructure
and urban development projects intensifies, the market is set to experience a
dynamic evolution in the coming years.Top
of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
“North America Commercial Real Estate Market By
Type (Offices, Retail, Industrial & Logistics, Multi-Family, Hospitality),
By Business (Sales, Rental, Lease), By Country, By Competition, Forecast and
Opportunities, 2020-2030F,”
has evaluated the future growth potential of North America Commercial Real
Estate Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in North America Commercial
Real Estate Market.
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