Commercial Leasing in the US
Over the five years to 2018, increased consumer confidence and household disposable income have encouraged greater consumer spending. Businesses increased their production and inventory over the five years to 2018, which required space. Over the five years to 2018, industry operators benefited from expansion in nonresidential construction markets, in addition to increased commercial activity. As a result of increased demand for industry services, companies increased their labor forces to maintain their high standards of service. Growth will likely slow over the five years to 2023, as demand continues to be satisfied. Over the five years to 2023, industry revenue is forecast to decline. As the US economy stabilizes and interest rates increase, industry operators will be forced to adjust to fluctuating demand over the five years to 2023.
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.