As the global economy recovers in 2021 and the supply of the industrial chain improves, the office space market will undergo major changes. The global office space market is expected to record a CAGR of 12% during the forecast period. Leasing momentum is back as most offices are safely implementing return-to-work. Inquiries have picked up around city centers, and so has the leasing activity. In the office space market, net absorption turned positive for the first time since the onset of the pandemic. The IT and ITeS sectors are among the prime drivers of overall leasing activity in the top cities, and bulk-hiring by these firms will influence demand for large quality office spaces.
The global office space industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global office space market during the next few years. The global office space market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The office space market can be split based on product types, major applications, and important regions as follows:
CBRE Group Inc
Mitsui Fudosan Co. Ltd.
Jones Lang LaSalle Incorporated
IT and Telecommunications
Media and Entertainment
Retail and Consumer Goods