3Q 2022

Analyst Insight: Commercial Office Space in Emerging Markets

Global Building Stock Database Insights

Many employers are favoring a hybrid work system and encouraging employees to return to the office, creating keen interest in agile, flexible workplaces to hedge against an unexpected crisis such as the COVID-19 pandemic. Flexible spaces allow companies to pivot to remote work or hybrid work models without being bound by long-term real estate contracts.

As a result, global demand for flexible commercial office space is increasing, but levels of occupied commercial office space are still below pre-pandemic volumes. A sense of caution in real estate investments remains because of rising inflation rates, increasing interest rates, and geopolitical climates. Labor shortages persist and companies are competing to attract and retain talent.

Attempting to differentiate themselves, landlords are providing amenities to tenants, who are increasingly requesting flexible leases and favoring short-duration commitments as they await greater clarity in business and economic conditions. Companies also want to help employees reduce their commute times and are providing alternative workstations closer to workers’ homes.

The Guidehouse Insights Global Building Stock Database estimates commercial office building stock and total building stock across more than 230 countries and building types, based on a rigorous modeling approach that uses available building stock data to fill gaps in publicly available information. An updated database was published in 3Q22.

Pages 14
Tables | Charts | Figures 4
  • What is the size of the global office building stock in each region and how quickly will it likely grow through 2030?
  • Which regions are expected to witness the most growth in office building stock?
  • What are the key indicators and trends that dictate the size and composition of the global office building stock?
  • What market drivers and barriers are affecting global office building stock growth?
  • Lighting and HVAC equipment vendors
  • Green building design and construction firms
  • Management consultancies
  • International real estate companies
  • Energy sector trade associations and advocacy groups
  • Government agencies, regulators, and policymakers
  • Investor community

Introduction

Scope

Executive Summary

Market Inflection Trends

Market Drivers and Barriers

Market Forecast

Regional Market Overview

Global Office Outlook

Technology Solutions

Conversion of Office Building Stock

Conclusion

Resources and Contact

  • Annual Office Stock by Region, World Markets: 2018-2030
  • Total Office Building Stock, World Markets: 2018-2030
  • Global Building Stock by Segment in Millions of Square Meters, World Markets: 2022
  • First Quarter Office Gross Leasing Volumes by Region, 1Q11- 1Q22

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