Commercial Real Estate Market in Europe Size to grow by USD 94.59 billion between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Commercial Real Estate Market in Europe. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the European commercial real estate sector is a significant segment of the global specialized consumer services market. This market encompasses the revenue generated by various consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Technavio's market analysis excludes consumer services categorized under casino and gaming, hotel and resort industries, leisure facilities, restaurants, and education services. The report focuses on the revenue generated by specialized providers in the aforementioned sectors. - The Commercial Real Estate Market in Europe is experiencing significant growth, fueled by the Growing aggregate private investment. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Growing aggregate private investment
  • Boost in e-commerce spending
  • Increasing interest rates
  • Uncertain macroeconomic conditions
• Growth Projections

The market size is estimated to grow by USD 94.59 billion, at a CAGR of 6.08% during the forecast period. The European commercial real estate market is experiencing an upward trend in transaction complexity, cost, and duration. According to recent data, the average length of real estate transactions in Europe increased by 33% in 2020. In Germany, 20% of companies plan to reduce their investment activities, while 23% aim to expand them, and 58% intend to maintain their previous investment levels. In contrast, 82% of UK investors are looking to expand their international business, and a similar sentiment is shared by 64% of French real estate experts. Spanish investors are more cautious, with 46% planning to invest the same amount as before and 42% aiming to increase their international presence.

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• Regional Insights

In the European commercial real estate market landscape of 2023, Germany holds the largest market share. This popularity stems from its robust and adaptable economy, political stability, and a highly skilled labor force of over 80 million individuals, bolstered by a substantial presence of qualified expatriates. These factors collectively contribute to Germany's enduring allure as a prime investment destination for commercial real estate.

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