Commercial Leasing in the US
Operators in the Commercial Leasing industry serve as lessors of buildings for nonresidential purposes. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it, and establishments that provide full-service office space. Over the five years to 2019, increased consumer confidence and per capita disposable income encouraged greater consumer spending. Businesses increased their production and inventory over the five years to 2019, which required more space. During the period, industry operators benefited from expansion in nonresidential construction markets, with increased commercial activity. As a result of higher demand for industry services, companies increased their labor forces to maintain their high standards of service. Over the five years to 2024, industry revenue is expected to decline. As the US economy stabilizes and interest rates increase, industry operators are expected to be forced to adjust to fluctuating demand during the five-year period.
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.
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