Commercial

Commercial property is big business. Commercial real estate can be defined as any property owned for the purpose of producing income. (i.e. stores, offices, schools, churches, gymnasiums, libraries, museums, hospitals, clinics, warehouses, and jails)

In the U.S. in 2012 it was estimated that there were 5.6 million commercial buildings occupying 87 billion square feet of floor space. Current commercial property in the U.S. is valued at around $2.1 trillion.

By 2050, commercial building floor space is expected to reach 126.1 billion square feet, a 36% increase beyond 2018.