United States Commercial Real Estate Market Expected to Reach USD 991.7 Billion by 2033 - IMARC Group

March 31, 2025 | BFSI

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United States Commercial Real Estate Market Statistics, Outlook and Regional Analysis 2025-2033

The United States commercial real estate market size was valued at USD 718.2 Billion in 2024, and it is expected to reach USD 991.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.35% from 2025 to 2033.

The market is largely driven by the increasing number of manufacturing centers, shopping hubs, logistics plants, and corporate headquarters. For example, in November 2024, CITA Insurance Services and Ascot Insurance Company teamed up on an errors and omissions (E&O) insurance program tailored for real estate professionals across the US. The scheme aimed to meet the specialized liability needs of independent agents, brokers, and small real estate firms. Besides this, the rising economic trends, changing business needs, demographic shifts, and ongoing technological advancements are further stimulating the United States commercial real estate market.

Moreover, compared to residential real estate, commercial properties generate income via leases, rentals, or sales, which is another substantial factor for the market growth. Furthermore, a diverse landscape comprising expansive industrial complexes, urban centers, and iconic skyscrapers is showcased by the US commercial real estate market, thereby bolstering its reach to numerous industries. For example, in September 2024, Empire Development unveiled its luxury real estate offerings, adding three unique properties to its distinguished portfolio in Boca Raton, Florida.

United States Commercial Real Estate Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West. The dynamic economic landscape in the regions and the development of smart buildings are propelling the market expansion across the US.

Northeast Commercial Real Estate Market Trends:

The market across the Northeast region, particularly in cities like Boston and New York, is seeing a surge due to the rising number of industrial and logistics hubs, the expanding office sector, and the development of retail spaces. Moreover, the launch of favorable initiatives by the federal infrastructure is also positively affecting the market growth. For example, in January 2024, Scott Rechler, the chief executive of RXR, one of New York’s biggest office landlords, launched a USD 1 Billion fund to invest in the city’s distressed office buildings.

Midwest Commercial Real Estate Market Trends:

The commercial real estate sector in the Midwest region is mainly bolstered by the increasing focus on sustainability and the incorporation of technology in commercial development. Furthermore, cities like Minneapolis are attracting investors as well as residents due to their quality of life and affordability. For example, in October 2024, the commercial credit real estate investing trust, Chicago Atlantic Real Estate Finance, Inc., issued its earnings release and additional financial information to leverage secured loans.

South Commercial Real Estate Market Trends:

The Southern region of the United States has been experiencing an expansion in the commercial real estate industry, mainly across cities like Houston, Atlanta, and Miami, owing to the development of several warehouses and logistics centers. Besides this, the emerging trend of renovating older buildings to cater to the need for more flexible and technologically fortified spaces is also fueling the market growth. For instance, in May 2024, Phil Gutman, a real estate imaginative, opened a Miami-based firm, Gutman Development Marketing, to cater to the developers of condo-hotel properties, high-end cooperatives, and residential communities.

West Commercial Real Estate Market Trends:

The market growth in the West region of the United States, mainly in states like Nevada, California, and Washington, is booming due to the increasing technological advances and the expanding e-commerce sector. Moreover, the inflating investments in energy-efficient buildings and infrastructure, owing to the rising sustainability concerns, are also catalyzing the market growth in the region. For instance, in June 2024, Washington Federal Bank, the solely owned subordinate of WaFd, Inc., announced the sale of approximately USD 2.8 Billion multifamily commercial real estate credits (CRE) to the Bank of America.

Top Companies Leading in the United States Commercial Real Estate Industry

There are numerous companies encompassing the market across the US. For instance, in January 2025, REEP Equity, a leading multifamily real estate investing company, launched its income debt fund II scheme, devised to provide recognized investors stable monthly returns via a diversified and strategic investment vehicle. Moreover, Kering and Simon, in January 2025, finalized the sale of the Mall Luxury Outlets entities held by Kering to Simon, the US real estate investment trust.

United States Commercial Real Estate Market Segmentation Coverage

Based on type, the market has been segmented into offices, retail, industrial, logistics, multi-family, and hospitality. high-pressure laminates and low-pressure laminates. Offices cater to business individuals, medical professionals, tech firms, etc. Retail spaces are largely used for malls and stores. Industrial and logistics comprise factories, warehouses, and distribution centers. Multi-family spaces are residential buildings like apartments, condos, and townhomes, while hospitality real estate, including casinos, hotels, and resorts, offer leisure or entertainment to people.

Report Features	Details
Market Size in 2024	USD 718.2 Billion
Market Forecast in 2033	USD 991.7 Billion
Market Growth Rate 2025-2033	3.35%
Units	Billion USD
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Region
Types Covered	Offices, Retail, Industrial, Logistics, Multi-Family, Hospitality
Regions Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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