Over the past five years, increased consumer confidence and household disposable income have encouraged greater consumer spending. This preceded businesses increasing their production and inventory, which required space. As the overall economic recovery has unfolded, increased demand for industry services is expected to bolster revenue over the five-year period. A strong rebound in the corporate sector is driving a turnaround in the commercial leasing market. As much of the recovery occurred over the past five years, growth will slow over the next five; this is expected as pent-up demand continues to be satisfied. What growth occurs is expected to result from increased corporate profit over the next five years. Over this period, industry revenue is forecast to increase.
Operators in this industry serve as lessors of buildings that are not used as residences or dwellings. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it to others, and establishments that provide full-service office space. This industry excludes general warehousing and storage companies, such as self-storage businesses.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.