The Global Building Stock Is Expected to Exceed 183 Billion Square Meters in 2026
Quantifying the size of the global building stock helps in understanding and combatting a variety of social and environmental issues
A new report from Navigant Research analyzes the global building stock from 2017 to 2026 across eight commercial building types and two residential building types for seven regions worldwide.
As global constructions markets continue to rebound after years of stagnant growth, the world’s building stock is experiencing an upswing. Improvements in economic performance in developed and developing countries, as well reasonable wage growth, low interests rates, and elevated consumer confidence in residential construction markets, are expected to encourage further development. Click to tweet: According to a new report from @NavigantRSRCH, the global building stock is expected to grow from 162.8 billion square meters in 2017 to 183.5 billion square meters in 2026.
“Over the past year and a half, both developed and developing economies have enjoyed broad expansion not seen in over a decade,” says Tom Machinchick, principal research analyst with Navigant Research. “Increases in economic activity tend to accompany increases in the building stock as demand for commercial space grows, and rising income enables individuals to opt for larger or more modern living spaces, which will lead to an expanding building stock.”
According to the report, commercial, residential, and industrial buildings are responsible for nearly half of all global energy consumption and greenhouse gas emissions. Humans also spend almost 90 percent of their time indoors, making indoor environments a critical component of health and well-being, productivity, and safety. Quantifying the size of the global building stock can be a fundamental tool for understanding and combatting pressing global issues such as energy consumption, emissions, wealth and poverty rates, climate change, and the impact of urbanization on existing local infrastructure.
The report, Global Building Stock Database, provides data on the size and growth of the global building stock from 2017 to 2026, as well as a qualitative description of key growth drivers and trends. The building stock data covers eight commercial building types (office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport) and two residential building types (single-family detached and multi-unit residential) for seven regions worldwide. This study is intended to provide a comprehensive picture of the total commercial and residential building stock across the world. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Stefanie Bradtner
* The information contained in this press release concerning the report, Global Building Stock Database, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.