7 Ways You Can Invest in Commercial Real Estate Online
7 Ways You Can Invest in Commercial Real Estate Online · 1. Commercial property real estate ETFs · 2. Commercial property real estate mutual funds · 3.
Statista
According to the research site, <anchor>Statista</anchor>, commercial real estate development in the United States has been steadily growing since 2010. Meanwhile, vacancy rates for these properties have been declining. What that tells us is there is continued demand for commercial property, and that new space is being absorbed as it gets built.
U.S. commercial real estate - statistics & facts | Statista
U.S. commercial real estate - statistics & facts \| Statista

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# U.S. commercial real estate - statistics & facts

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United States


United States


- [Overview](#topicOverview)
- [Editor’s Picks](#editorsPicks)
- [Statistics](#statisticChapter)

The U.S. commercial real estate market is the arena of giants, where private equity, public companies, and institutional investors such as pension funds make multi-billion-dollar deals and define the landscape of cities. Commercial real estate is a profitable business. However, in 2023, investment properties [saw the first year with negative returns](/statistics/376854/ncreif-index-returns-usa/) since 2009. [Investment activity has also plummeted](/statistics/245103/real-estate-capital-flows/), raising concerns about the health of the sector.


## Why has the U.S. commercial property sector slowed?

Cheap credit after the financial crisis brought rising rents and growing property values. Conversely, soaring interest rates and a sluggish economy after the COVID-19 pandemic made investors and occupiers [more cautious](/statistics/1403063/commercial-real-estate-lending-challenges-usa/). Uncertainty about the future of interest rates, economic growth, and demand also implies uncertainty in investment costs, anticipated rental growth, and price appreciation. The effects of this are visible in the development of cap rates – a measure of the expected return on investment showing the net operating income of a property as a ratio of the current asset value. [The average cap rate for all property types](/statistics/245008/us-commercial-property-cap-rates/) has soared since 2021 - a consequence of the decline in property prices. The depreciation was most severe for offices, where [asset values fell](/statistics/943202/ncreif-index-returns-usa-by-property-type/) by more than 21 percent year-on-year as of the first quarter of 2024.

## What are the drivers behind the recovery of the sector?

Properties need occupiers. Since 2021, [vacancy rates have overall increased](/statistics/245054/us-vacancy-rate-forecast-for-commercial-property-by-type/), showing signs of oversupply in the market. Offices have been most affected, as demand has decreased because of hybrid work and the flight to quality – occupiers’ growing preference for newly built, modern buildings. As business and consumer sentiment increase, transactions in the occupier market should recover, contributing to improving market fundamentals. Another challenge the sector must overcome is refinancing under a tighter lending environment. Commercial property is responsible for a [growing volume of debt](/statistics/274644/mortgage-debt-outstanding-on-nonfarm-nonresidential-us-property/), with [rising delinquency rates](/statistics/1200066/commercial-mortgage-backed-securities-delinquency-rate-usa/) causing concerns. The much-anticipated decline in interest rates will help borrowers refinance and avoid widespread defaults.

Despite an economic slowdown, the U.S. commercial property market continues to offer diverse investment opportunities. These opportunities will widely depend on the property type, location, quality, and naturally, the overall economic outlook and the development of interest rates.

This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.


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\- Description

Published by
[Statista Research Department](/aboutus/our-research-commitment),
May 17, 2024

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## Key insights

Value of construction put in place
[115bn USD](/statistics/245029/value-of-us-commercial-construction/)

![Value of U.S. commercial construction put in place from 2002 to 2022 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/245000/245029-blank-100.png)

Detailed statistics


Value of U.S. commercial construction from 2002 to 2022


Value of private warehouse construction
[74.7 bn USD](/statistics/610122/new-private-sector-commercial-construction-in-the-us-by-sector/)

![Value of new private sector commercial construction put in place in the U.S. from 2010 to 2023, by subsector (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/610000/610122-blank-100.png)

Detailed statistics


U.S. value of new private sector commercial construction by subsector 2010-2023


Value of private office construction starts
[26.66 bn USD](/statistics/197623/total-value-of-commercial-construction-starts-by-type-in-the-us/)

![Value of commercial, institutional, and industrial construction starts in the United States in 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/195000/197623-blank-100.png)

Detailed statistics


Value of commercial and industrial construction starts in the U.S. 2023, by type


[Get more insights](#topicInsights)

## Editor’s Picks    Current statistics on this topic

[![Average rent per square foot paid for industrial space in the United States from 2017 to 2023, by type](https://cdn.statcdn.com/Statistic/625000/626555-blank-100.png)\
\
Industrial\
\
Average rent per square foot paid for industrial space U.S. 2017-2023, by type](/statistics/626555/average-rent-per-square-foot-paid-for-industrial-space-usa-by-type/)

[![Quarterly office vacancy rates in the United States from 4th quarter 2017 to 4th quarter 2023](https://cdn.statcdn.com/Statistic/190000/194054-blank-100.png)\
\
Office\
\
Office vacancy rates in the U.S. 2017-2023, per quarter](/statistics/194054/us-office-vacancy-rate-forecasts-from-2010/)

[![Occupancy rate of the hotel industry in the United States from 2001 to 2022](https://cdn.statcdn.com/Statistic/200000/200161-blank-100.png)\
\
Hotels\
\
Occupancy rate of the U.S. hotel industry 2001-2022](/statistics/200161/us-annual-accomodation-and-lodging-occupancy-rate/)

## Further recommended statistics

### Overview

6


- [Premium Statistic\
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Most attractive property sectors for investment in the Americas 2017-2023](/statistics/915093/most-attractive-property-sectors-investment-americas/)
- [Premium Statistic\
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Index of commercial property prices in the U.S. 2014-2023, per quarter](/statistics/936975/commercial-property-index-usa/)
- [Premium Statistic\
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National NCREIF Property Index returns in the U.S. 2007-2023](/statistics/376854/ncreif-index-returns-usa/)
- [Premium Statistic\
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Share of commercial real estate investments in the U.S. 2021-2023, by investor type](/statistics/859638/commercial-real-estate-investments-usa-by-investor/)
- [Premium Statistic\
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Value of U.S. commercial construction from 2002 to 2022](/statistics/245029/value-of-us-commercial-construction/)
- [Premium Statistic\
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Size of commercial property remodeling market U.S. 2013-2022, with forecast for 2023](/statistics/1040238/commercial-property-remodeling-market-size-usa/)

### Overview

- [Premium Statistic\
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Most attractive property sectors for investment in the Americas 2017-2023](/statistics/915093/most-attractive-property-sectors-investment-americas/)


![Most attractive property sectors for investment purchase in the Americas from 2017 to 2023](https://cdn.statcdn.com/Statistic/915000/915093-blank-100.png)

Most attractive property sectors for investment in the Americas 2017-2023



Most attractive property sectors for investment purchase in the Americas from 2017 to 2023

- [Premium Statistic\
\
Index of commercial property prices in the U.S. 2014-2023, per quarter](/statistics/936975/commercial-property-index-usa/)


![Index of commercial property prices in the United States from 1st quarter 2014 to 3rd quarter 2023](https://cdn.statcdn.com/Statistic/935000/936975-blank-100.png)

Index of commercial property prices in the U.S. 2014-2023, per quarter



Index of commercial property prices in the United States from 1st quarter 2014 to 3rd quarter 2023

- [Premium Statistic\
\
National NCREIF Property Index returns in the U.S. 2007-2023](/statistics/376854/ncreif-index-returns-usa/)


![Returns of the national NCREIF Property Index in the United States from 2007-2023](https://cdn.statcdn.com/Statistic/375000/376854-blank-100.png)

National NCREIF Property Index returns in the U.S. 2007-2023



Returns of the national NCREIF Property Index in the United States from 2007-2023

- [Premium Statistic\
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Share of commercial real estate investments in the U.S. 2021-2023, by investor type](/statistics/859638/commercial-real-estate-investments-usa-by-investor/)


![Share of commercial real estate investments in the United States from 2021 to 2023, by investor type](https://cdn.statcdn.com/Statistic/855000/859638-blank-100.png)

Share of commercial real estate investments in the U.S. 2021-2023, by investor type



Share of commercial real estate investments in the United States from 2021 to 2023, by investor type

- [Premium Statistic\
\
Value of U.S. commercial construction from 2002 to 2022](/statistics/245029/value-of-us-commercial-construction/)


![Value of U.S. commercial construction put in place from 2002 to 2022 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/245000/245029-blank-100.png)

Value of U.S. commercial construction from 2002 to 2022



Value of U.S. commercial construction put in place from 2002 to 2022 (in billion U.S. dollars)

- [Premium Statistic\
\
Size of commercial property remodeling market U.S. 2013-2022, with forecast for 2023](/statistics/1040238/commercial-property-remodeling-market-size-usa/)


![Size of commercial property remodeling market in the United States from 2013 to 2023 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1040000/1040238-blank-100.png)

Size of commercial property remodeling market U.S. 2013-2022, with forecast for 2023



Size of commercial property remodeling market in the United States from 2013 to 2023 (in billion U.S. dollars)


### Market segments

8


- [Premium Statistic\
\
U.S. value of new private sector commercial construction by subsector 2010-2023](/statistics/610122/new-private-sector-commercial-construction-in-the-us-by-sector/)
- [Premium Statistic\
\
Value of commercial and industrial construction starts in the U.S. 2023, by type](/statistics/197623/total-value-of-commercial-construction-starts-by-type-in-the-us/)
- [Premium Statistic\
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Commercial real estate investment value in the U.S. 2019-2023, by property type](/statistics/1215470/property-investment-volumes-usa-by-property-type/)
- [Premium Statistic\
\
Market cap of REITs in the U.S. 2019-2023, by property type](/statistics/1347276/market-cap-reits-usa-by-property-type/)
- [Premium Statistic\
\
National NCREIF Property Index annual return in the U.S. 2024, by property type](/statistics/943202/ncreif-index-returns-usa-by-property-type/)
- [Premium Statistic\
\
Commercial real estate cap rates in the U.S. 2012-2023 with a forecast until 2024](/statistics/245008/us-commercial-property-cap-rates/)
- [Premium Statistic\
\
Vacancy rate of commercial real estate in the U.S. 2020-2024, by property type](/statistics/245054/us-vacancy-rate-forecast-for-commercial-property-by-type/)
- [Premium Statistic\
\
Commercial real estate delinquency rate in the U.S. 2020-2024, by asset class](/statistics/1200066/commercial-mortgage-backed-securities-delinquency-rate-usa/)

### Market segments

- [Premium Statistic\
\
U.S. value of new private sector commercial construction by subsector 2010-2023](/statistics/610122/new-private-sector-commercial-construction-in-the-us-by-sector/)


![Value of new private sector commercial construction put in place in the U.S. from 2010 to 2023, by subsector (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/610000/610122-blank-100.png)

U.S. value of new private sector commercial construction by subsector 2010-2023



Value of new private sector commercial construction put in place in the U.S. from 2010 to 2023, by subsector (in billion U.S. dollars)

- [Premium Statistic\
\
Value of commercial and industrial construction starts in the U.S. 2023, by type](/statistics/197623/total-value-of-commercial-construction-starts-by-type-in-the-us/)


![Value of commercial, institutional, and industrial construction starts in the United States in 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/195000/197623-blank-100.png)

Value of commercial and industrial construction starts in the U.S. 2023, by type



Value of commercial, institutional, and industrial construction starts in the United States in 2023, by property type (in billion U.S. dollars)

- [Premium Statistic\
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Commercial real estate investment value in the U.S. 2019-2023, by property type](/statistics/1215470/property-investment-volumes-usa-by-property-type/)


![Value of commercial real estate investment in the United States from 2019 to 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1215000/1215470-blank-100.png)

Commercial real estate investment value in the U.S. 2019-2023, by property type



Value of commercial real estate investment in the United States from 2019 to 2023, by property type (in billion U.S. dollars)

- [Premium Statistic\
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Market cap of REITs in the U.S. 2019-2023, by property type](/statistics/1347276/market-cap-reits-usa-by-property-type/)


![Market cap of real estate investment trusts (REITs) in the United States from 2019 to 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1345000/1347276-blank-100.png)

Market cap of REITs in the U.S. 2019-2023, by property type



Market cap of real estate investment trusts (REITs) in the United States from 2019 to 2023, by property type (in billion U.S. dollars)

- [Premium Statistic\
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National NCREIF Property Index annual return in the U.S. 2024, by property type](/statistics/943202/ncreif-index-returns-usa-by-property-type/)


![Annual return of the national NCREIF Property Index in the United States in 1st quarter 2024, by property type](https://cdn.statcdn.com/Statistic/940000/943202-blank-100.png)

National NCREIF Property Index annual return in the U.S. 2024, by property type



Annual return of the national NCREIF Property Index in the United States in 1st quarter 2024, by property type

- [Premium Statistic\
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Commercial real estate cap rates in the U.S. 2012-2023 with a forecast until 2024](/statistics/245008/us-commercial-property-cap-rates/)


![Commercial real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type](https://cdn.statcdn.com/Statistic/245000/245008-blank-100.png)

Commercial real estate cap rates in the U.S. 2012-2023 with a forecast until 2024



Commercial real estate capitalization rates in the United States from 2012 to 2023 with a forecast until 2026, by property type

- [Premium Statistic\
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Vacancy rate of commercial real estate in the U.S. 2020-2024, by property type](/statistics/245054/us-vacancy-rate-forecast-for-commercial-property-by-type/)


![Vacancy rate of commercial real estate in the United States from 1st quarter 2020 to 1st quarter of 2024, by property type](https://cdn.statcdn.com/Statistic/245000/245054-blank-100.png)

Vacancy rate of commercial real estate in the U.S. 2020-2024, by property type



Vacancy rate of commercial real estate in the United States from 1st quarter 2020 to 1st quarter of 2024, by property type

- [Premium Statistic\
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Commercial real estate delinquency rate in the U.S. 2020-2024, by asset class](/statistics/1200066/commercial-mortgage-backed-securities-delinquency-rate-usa/)


![Share of delinquent commercial real estate mortgages in the United Sates from 2020 to 2024, by asset class](https://cdn.statcdn.com/Statistic/1200000/1200066-blank-100.png)

Commercial real estate delinquency rate in the U.S. 2020-2024, by asset class



Share of delinquent commercial real estate mortgages in the United Sates from 2020 to 2024, by asset class


### Leading markets

9


- [Premium Statistic\
\
Leading U.S. markets for commercial property acquisitions in 2023](/statistics/1131543/leading-metros-commercial-property-acquisition-usa/)
- [Premium Statistic\
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Recommendations to buy, hold or sell an office property in the U.S. 2024, by city](/statistics/552875/us-office-property-recommendations-by-city/)
- [Premium Statistic\
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Recommendations to buy, hold or sell an industrial property in the U.S. 2024, by city](/statistics/553012/usa-industrial-property-recommendations-by-city/)
- [Premium Statistic\
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Recommendations to buy, hold, or sell a retail property in the U.S. 2024, by city](/statistics/552895/us-retail-property-recommendations-by-city/)
- [Premium Statistic\
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Recommendations to buy, hold or sell a hotel property in the U.S. 2024, by city](/statistics/552992/usa-hotel-property-recommendations-by-city/)
- [Premium Statistic\
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Absorption of office space in the largest U.S. markets 2023](/statistics/605195/office-space-absorption-rate-by-metro-area-usa/)
- [Premium Statistic\
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Industrial and logistics real estate net absorption in the U.S. 2023, by market](/statistics/823394/absorption-rate-industrial-property-usa/)
- [Premium Statistic\
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Retail property investment volumes in major metropolitan areas in the U.S. 2023](/statistics/1215484/leading-metros-for-retail-real-estate-investments-usa-by-investment-volume/)
- [Premium Statistic\
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Hotel property investment volumes in leading metropolitan areas in the U.S. 2023](/statistics/1215497/leading-metros-for-hotel-real-estate-investments-usa-by-investment-volume/)

### Leading markets

- [Premium Statistic\
\
Leading U.S. markets for commercial property acquisitions in 2023](/statistics/1131543/leading-metros-commercial-property-acquisition-usa/)


![Leading metros for commercial property acquisitions in the United States in 2023 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1130000/1131543-blank-100.png)

Leading U.S. markets for commercial property acquisitions in 2023



Leading metros for commercial property acquisitions in the United States in 2023 (in billion U.S. dollars)

- [Premium Statistic\
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Recommendations to buy, hold or sell an office property in the U.S. 2024, by city](/statistics/552875/us-office-property-recommendations-by-city/)


![Recommendations to buy, hold or sell an office property in the United States in 2024, by city](https://cdn.statcdn.com/Statistic/550000/552875-blank-100.png)

Recommendations to buy, hold or sell an office property in the U.S. 2024, by city



Recommendations to buy, hold or sell an office property in the United States in 2024, by city

- [Premium Statistic\
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Recommendations to buy, hold or sell an industrial property in the U.S. 2024, by city](/statistics/553012/usa-industrial-property-recommendations-by-city/)


![Recommendations to buy, hold or sell an industrial property in the United States in 2024, by city](https://cdn.statcdn.com/Statistic/550000/553012-blank-100.png)

Recommendations to buy, hold or sell an industrial property in the U.S. 2024, by city



Recommendations to buy, hold or sell an industrial property in the United States in 2024, by city

- [Premium Statistic\
\
Recommendations to buy, hold, or sell a retail property in the U.S. 2024, by city](/statistics/552895/us-retail-property-recommendations-by-city/)


![Recommendations to buy, hold, or sell a retail property in the United States in 2024, by city](https://cdn.statcdn.com/Statistic/550000/552895-blank-100.png)

Recommendations to buy, hold, or sell a retail property in the U.S. 2024, by city



Recommendations to buy, hold, or sell a retail property in the United States in 2024, by city

- [Premium Statistic\
\
Recommendations to buy, hold or sell a hotel property in the U.S. 2024, by city](/statistics/552992/usa-hotel-property-recommendations-by-city/)


![Recommendations to buy, hold or sell a hotel property in the United States in 2024, by city](https://cdn.statcdn.com/Statistic/550000/552992-blank-100.png)

Recommendations to buy, hold or sell a hotel property in the U.S. 2024, by city



Recommendations to buy, hold or sell a hotel property in the United States in 2024, by city

- [Premium Statistic\
\
Absorption of office space in the largest U.S. markets 2023](/statistics/605195/office-space-absorption-rate-by-metro-area-usa/)


![Absorption of office space in the United States in the 4th quarter 2023, by market (in 1,000 square feet)](https://cdn.statcdn.com/Statistic/605000/605195-blank-100.png)

Absorption of office space in the largest U.S. markets 2023



Absorption of office space in the United States in the 4th quarter 2023, by market (in 1,000 square feet)

- [Premium Statistic\
\
Industrial and logistics real estate net absorption in the U.S. 2023, by market](/statistics/823394/absorption-rate-industrial-property-usa/)


![Absorption rate of industrial and logistics real estate in the United States in 2023, by market (in million square feet)](https://cdn.statcdn.com/Statistic/820000/823394-blank-100.png)

Industrial and logistics real estate net absorption in the U.S. 2023, by market



Absorption rate of industrial and logistics real estate in the United States in 2023, by market (in million square feet)

- [Premium Statistic\
\
Retail property investment volumes in major metropolitan areas in the U.S. 2023](/statistics/1215484/leading-metros-for-retail-real-estate-investments-usa-by-investment-volume/)


![Leading metropolitan areas for retail real estate investments in the United States in 2023, by investment volume (in million U.S. dollars)](https://cdn.statcdn.com/Statistic/1215000/1215484-blank-100.png)

Retail property investment volumes in major metropolitan areas in the U.S. 2023



Leading metropolitan areas for retail real estate investments in the United States in 2023, by investment volume (in million U.S. dollars)

- [Premium Statistic\
\
Hotel property investment volumes in leading metropolitan areas in the U.S. 2023](/statistics/1215497/leading-metros-for-hotel-real-estate-investments-usa-by-investment-volume/)


![Leading metropolitan areas for hotel real estate investments in the United States from 4th quarter 2022 to 4th quarter 2023, by investment volume](https://cdn.statcdn.com/Statistic/1215000/1215497-blank-100.png)

Hotel property investment volumes in leading metropolitan areas in the U.S. 2023



Leading metropolitan areas for hotel real estate investments in the United States from 4th quarter 2022 to 4th quarter 2023, by investment volume


### Leading companies

6


- [Premium Statistic\
\
Market value of the leading real estate companies worldwide 2023](/statistics/917568/largest-global-real-estate-companies-by-market-value/)
- [Premium Statistic\
\
Leading REITs worldwide 2024, by market cap](/statistics/1064641/largest-global-reit-market-cap/)
- [Premium Statistic\
\
Market cap of leading office REITs in the U.S. 2019-2023](/statistics/1347346/market-cap-leading-office-reits-usa/)
- [Premium Statistic\
\
Market cap of leading industrial and logistics REITs in the U.S. 2019-2023](/statistics/1347390/market-cap-leading-industrial-reits-usa/)
- [Premium Statistic\
\
Market cap of leading retail REITs in the U.S. 2019-2023](/statistics/1200079/market-cap-leading-retail-reits-usa/)
- [Premium Statistic\
\
Market cap of leading lodging and resort REITs in the U.S. 2019-2023](/statistics/1347416/market-cap-leading-lodging-resort-reits-usa/)

### Leading companies

- [Premium Statistic\
\
Market value of the leading real estate companies worldwide 2023](/statistics/917568/largest-global-real-estate-companies-by-market-value/)


![Market value of the leading public real estate companies worldwide in 2023 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/915000/917568-blank-100.png)

Market value of the leading real estate companies worldwide 2023



Market value of the leading public real estate companies worldwide in 2023 (in billion U.S. dollars)

- [Premium Statistic\
\
Leading REITs worldwide 2024, by market cap](/statistics/1064641/largest-global-reit-market-cap/)


![Leading real estate investment trusts (REITs) worldwide as of April 11, 2024, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1060000/1064641-blank-100.png)

Leading REITs worldwide 2024, by market cap



Leading real estate investment trusts (REITs) worldwide as of April 11, 2024, by market capitalization (in billion U.S. dollars)

- [Premium Statistic\
\
Market cap of leading office REITs in the U.S. 2019-2023](/statistics/1347346/market-cap-leading-office-reits-usa/)


![Leading office real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1345000/1347346-blank-100.png)

Market cap of leading office REITs in the U.S. 2019-2023



Leading office real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)

- [Premium Statistic\
\
Market cap of leading industrial and logistics REITs in the U.S. 2019-2023](/statistics/1347390/market-cap-leading-industrial-reits-usa/)


![Leading industrial and logistics real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1345000/1347390-blank-100.png)

Market cap of leading industrial and logistics REITs in the U.S. 2019-2023



Leading industrial and logistics real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)

- [Premium Statistic\
\
Market cap of leading retail REITs in the U.S. 2019-2023](/statistics/1200079/market-cap-leading-retail-reits-usa/)


![Leading retail real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1200000/1200079-blank-100.png)

Market cap of leading retail REITs in the U.S. 2019-2023



Leading retail real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)

- [Premium Statistic\
\
Market cap of leading lodging and resort REITs in the U.S. 2019-2023](/statistics/1347416/market-cap-leading-lodging-resort-reits-usa/)


![Leading lodging and resort real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1345000/1347416-blank-100.png)

Market cap of leading lodging and resort REITs in the U.S. 2019-2023



Leading lodging and resort real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)


### Rent and vacancy rates

6


- [Premium Statistic\
\
Office rent per square foot in the largest office markets in the U.S. 2023](/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/)
- [Premium Statistic\
\
Vacancy rate of office space in the U.S. 2023, by market](/statistics/605467/vacancy-rate-in-large-office-metros-in-the-us/)
- [Premium Statistic\
\
Industrial and logistics real estate rent per square foot in the U.S. 2024, by market](/statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/)
- [Premium Statistic\
\
Industrial and logistics real estate vacancy rate in the U.S. 2024, by market](/statistics/238219/us-industrial-vacancy-rates-by-market/)
- [Premium Statistic\
\
Average rent of shopping centers in the U.S. 2020-2024, by region](/statistics/1200208/asking-rent-shopping-center-real-estate-united-states/)
- [Premium Statistic\
\
Retail real estate vacancy rates in the U.S. 2021-2023, by type](/statistics/712262/retail-vacancy-rates-usa-by-type/)

### Rent and vacancy rates

- [Premium Statistic\
\
Office rent per square foot in the largest office markets in the U.S. 2023](/statistics/1073855/asking-office-rent-per-sf-tech-markets-usa/)


![Average annual quoted rent per square foot in selected office markets in the United States in 4th quarter 2023, by market (in U.S. dollars)](https://cdn.statcdn.com/Statistic/1070000/1073855-blank-100.png)

Office rent per square foot in the largest office markets in the U.S. 2023



Average annual quoted rent per square foot in selected office markets in the United States in 4th quarter 2023, by market (in U.S. dollars)

- [Premium Statistic\
\
Vacancy rate of office space in the U.S. 2023, by market](/statistics/605467/vacancy-rate-in-large-office-metros-in-the-us/)


![Vacancy rate in the largest office markets in the United States in 4th quarter 2023](https://cdn.statcdn.com/Statistic/605000/605467-blank-100.png)

Vacancy rate of office space in the U.S. 2023, by market



Vacancy rate in the largest office markets in the United States in 4th quarter 2023

- [Premium Statistic\
\
Industrial and logistics real estate rent per square foot in the U.S. 2024, by market](/statistics/752620/annual-rent-per-sf-for-industrial-property-in-selected-markets-usa/)


![Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2024, by market (in U.S. dollars) ](https://cdn.statcdn.com/Statistic/750000/752620-blank-100.png)

Industrial and logistics real estate rent per square foot in the U.S. 2024, by market



Annual average asking rent per square foot for industrial and logistics real estate in the United States in 1st quarter 2024, by market (in U.S. dollars)

- [Premium Statistic\
\
Industrial and logistics real estate vacancy rate in the U.S. 2024, by market](/statistics/238219/us-industrial-vacancy-rates-by-market/)


![Vacancy rate of industrial and logistics real estate in the United States in 1st quarter 2024, by market ](https://cdn.statcdn.com/Statistic/235000/238219-blank-100.png)

Industrial and logistics real estate vacancy rate in the U.S. 2024, by market



Vacancy rate of industrial and logistics real estate in the United States in 1st quarter 2024, by market

- [Premium Statistic\
\
Average rent of shopping centers in the U.S. 2020-2024, by region](/statistics/1200208/asking-rent-shopping-center-real-estate-united-states/)


![Average monthly asking rent for shopping center space in the retail real estate market in the United States from 2020 to 2024, by region (in U.S. dollars per square foot)](https://cdn.statcdn.com/Statistic/1200000/1200208-blank-100.png)

Average rent of shopping centers in the U.S. 2020-2024, by region



Average monthly asking rent for shopping center space in the retail real estate market in the United States from 2020 to 2024, by region (in U.S. dollars per square foot)

- [Premium Statistic\
\
Retail real estate vacancy rates in the U.S. 2021-2023, by type](/statistics/712262/retail-vacancy-rates-usa-by-type/)


![Retail real estate vacancy rates in the United States from 2021 to 2023, by type of property](https://cdn.statcdn.com/Statistic/710000/712262-blank-100.png)

Retail real estate vacancy rates in the U.S. 2021-2023, by type



Retail real estate vacancy rates in the United States from 2021 to 2023, by type of property


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## Key insights

Value of construction put in place
[115bn USD](/statistics/245029/value-of-us-commercial-construction/)

![Value of U.S. commercial construction put in place from 2002 to 2022 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/245000/245029-blank-100.png)

Detailed statistics


Value of U.S. commercial construction from 2002 to 2022


Value of private warehouse construction
[74.7 bn USD](/statistics/610122/new-private-sector-commercial-construction-in-the-us-by-sector/)

![Value of new private sector commercial construction put in place in the U.S. from 2010 to 2023, by subsector (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/610000/610122-blank-100.png)

Detailed statistics


U.S. value of new private sector commercial construction by subsector 2010-2023


Value of private office construction starts
[26.66 bn USD](/statistics/197623/total-value-of-commercial-construction-starts-by-type-in-the-us/)

![Value of commercial, institutional, and industrial construction starts in the United States in 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/195000/197623-blank-100.png)

Detailed statistics


Value of commercial and industrial construction starts in the U.S. 2023, by type


[Get more insights](#topicInsights)

## Report on the topic

[![Commercial real estate in the United States](https://cdn.statcdn.com/Study/10000/11660-retina.png)\
\
Top Seller\
\
\
Explore this report](/study/11660/commercial-property-statista-dossier/)

## Related topics

### Deep dive on different commercial real estate sectors

- [Office real estate in the U.S.](/topics/3240/office-real-estate-in-the-us/)
- [Industrial and logistics real estate in the U.S.](/topics/4390/big-box-distribution-in-north-america/)
- [Multifamily homes in the U.S.](/topics/5396/multifamily-homes-in-the-us/)
- [Retail real estate market in the U.S.](/topics/7588/retail-real-estate-market-in-the-us/)

### Commercial real estate worldwide

- [Commercial property in Australia](/topics/6607/commercial-property-in-australia/)
- [Commercial real estate in Europe](/topics/6995/commercial-real-estate-in-europe/)
- [Commercial property in Canada](/topics/7009/commercial-property-in-canada/)
- [Commercial real estate in the United Kingdom](/topics/8071/commercial-real-estate-in-the-united-kingdom/)
- [Commercial real estate estate market in Germany](/topics/12030/commercial-real-estate-estate-market-in-germany/)
- [Commercial real estate in France](/topics/9556/commercial-real-estate-in-france/)

### Other related topics

- [Foreign property investment in the U.S.](/topics/4455/foreign-property-investment-in-the-us/)
- [Office real estate market in Europe](/topics/3874/the-office-market-in-europe/)
- [Office real estate in London](/topics/5754/office-real-estate-in-london/)

## Key figures

The most important key figures provide you with a compact summary of the topic of "Commercial real estate in the U.S." and take you straight to the corresponding statistics.

### Office real estate

- Office vacancy rate
[16.9%](/statistics/194054/us-office-vacancy-rate-forecasts-from-2010/)


![Quarterly office vacancy rates in the United States from 4th quarter 2017 to 4th quarter 2023](https://cdn.statcdn.com/Statistic/190000/194054-blank-100.png)


Detailed statistics





Office vacancy rates in the U.S. 2017-2023, per quarter


- Absorption rate of office space in Manhattan
, NY
[0.7m sq ft](/statistics/605195/office-space-absorption-rate-by-metro-area-usa/)


![Absorption of office space in the United States in the 4th quarter 2023, by market (in 1,000 square feet)](https://cdn.statcdn.com/Statistic/table/table-100-1.png)


Detailed statistics





Absorption of office space in the largest U.S. markets 2023


- Share of U.S. workers who prefer working remotely
[40%](/statistics/1123000/workers-preference-remote-work-or-office/)


![Workers' preference to work remotely or in an office in the United States in 2020](https://cdn.statcdn.com/Statistic/1120000/1123000-blank-100.png)


Detailed statistics





Preference of workers to work remotely or in an office 2020



### Industrial real estate

- U.S. industrial vacancy rate
[5.6%](/statistics/194081/us-industrial-vacancy-rate-forecasts-from-2010/)


![Industrial and logistics real estate vacancy rates in the United States from 1st quarter 2017 to 4th quarter 2023](https://cdn.statcdn.com/Statistic/190000/194081-blank-100.png)


Detailed statistics





Industrial and logistics real estate vacancy rate in the U.S. 2017-2023, per quarter


- Share of RE leaders recommending purchase of an industrial property in Westchester, NY/Fairfield, CT
[75%](/statistics/553012/usa-industrial-property-recommendations-by-city/)


![Recommendations to buy, hold or sell an industrial property in the United States in 2024, by city](https://cdn.statcdn.com/Statistic/550000/553012-blank-100.png)


Detailed statistics





Recommendations to buy, hold or sell an industrial property in the U.S. 2024, by city


- Average rent per sq ft paid for warehouses and distribution space U.S.
[9.72 USD](/statistics/626555/average-rent-per-square-foot-paid-for-industrial-space-usa-by-type/)


![Average rent per square foot paid for industrial space in the United States from 2017 to 2023, by type](https://cdn.statcdn.com/Statistic/625000/626555-blank-100.png)


Detailed statistics





Average rent per square foot paid for industrial space U.S. 2017-2023, by type



### Retail real estate

- Market cap of shopping center REITs
[67.7bn USD](/statistics/1347276/market-cap-reits-usa-by-property-type/)


![Market cap of real estate investment trusts (REITs) in the United States from 2019 to 2023, by property type (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/table/table-100-1.png)


Detailed statistics





Market cap of REITs in the U.S. 2019-2023, by property type


- Amount of general retail real estate
[6.5bn sq ft](/statistics/1202914/total-square-feet-retail-properties-united-states/)


![Total square feet of retail real estate in the United States in 2023, by type of property (in million square feet)](https://cdn.statcdn.com/Statistic/1200000/1202914-blank-100.png)


Detailed statistics





Square footage of retail real estate in the U.S. 2023, by type


- Average rent of malls
[33.35 USD per sq ft](/statistics/1379047/retail-real-estate-rent-by-property-type-usa/)


![Average rent of retail real estate in the United States in 4th quarter 2023, by property type (in U.S. dollars per square foot)](https://cdn.statcdn.com/Statistic/1375000/1379047-blank-100.png)


Detailed statistics





Average rent of retail real estate in the U.S. 2023, by property type



### Lodging real estate

- Demand for hotel real estate
[1.27bn USD](/statistics/1269624/hotel-real-estate-demand-usa/)


![Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet)](https://cdn.statcdn.com/Statistic/1265000/1269624-blank-100.png)


Detailed statistics





Volume of hotel real estate demand in the U.S. 2016-2022


- Lodging and resort REIT with the largest market cap
[Host Hotels & Resorts, Inc. (HST)](/statistics/1347416/market-cap-leading-lodging-resort-reits-usa/)


![Leading lodging and resort real estate investment trusts (REITs) in the United States from 2019 to 2023, by market capitalization (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/table/table-100-1.png)


Detailed statistics





Market cap of leading lodging and resort REITs in the U.S. 2019-2023


- Value of limited service hotel transactions
[24.8bn USD](/statistics/1007908/limited-service-hotel-transactions-usa/)


![Value of limited service hotel transactions in the United States from 2005 to 2022 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1005000/1007908-blank-100.png)


Detailed statistics





Value of limited service hotel transactions in the U.S. 2005-2022


- Value of full service hotel transactions
[21.4bn USD](/statistics/1005836/full-service-hotel-transactions-usa/)


![Value of full service hotel transactions in the United States from 2005 to2022 (in billion U.S. dollars)](https://cdn.statcdn.com/Statistic/1005000/1005836-blank-100.png)


Detailed statistics





Value of full service hotel transactions in the U.S. 2005-2022



## Further reports

### Get the best **reports** to understand your industry

[Office real estate in the United States\
![Office real estate in the United States](https://cdn.statcdn.com/Study/35000/39497-retina.png)](/study/39497/office-real-estate-in-the-us-statista-dossier/)

[Big-box real estate in the United States\
![Big-box real estate in the United States](https://cdn.statcdn.com/Study/45000/48279-retina.png)](/study/48279/big-box-real-estate-in-north-america/)

[Proptech\
![Proptech](https://cdn.statcdn.com/Study/60000/60486-retina.png)](/study/60486/proptech/)

[Multifamily homes in the United States\
![Multifamily homes in the United States](https://cdn.statcdn.com/Study/60000/63886-retina.png)](/study/63886/multifamily-housing-in-the-united-states/)

[Retail real estate market in the United States\
![Retail real estate market in the United States](https://cdn.statcdn.com/Study/85000/85766-retina.png)](/study/85766/retail-real-estate-market-in-the-united-states/)

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