Office Space Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Office Space Market Report is Segmented by Building Type (Retrofits and New Buildings), End User (IT and Telecommunications, Media and Entertainment, and Retail and Consumer Goods), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Office Space Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Office Space Market Size

Global Office Space Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 3.26 Trillion
Market Size (2030) USD 4.20 Trillion
CAGR (2025 - 2030) 5.19 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Global Office Space Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Global Office Space Market Analysis

The Global Office Space Market size is estimated at USD 3.26 trillion in 2025, and is expected to reach USD 4.20 trillion by 2030, at a CAGR of 5.19% during the forecast period (2025-2030).

In particular, larger companies still use a classic leasing model for office space on long-term agreements. Nevertheless, the development of flexible workspace solutions, such as coworking spaces and service offices, and the demand for meeting rooms are fueled by the increasing flexibility in working arrangements. The Employment Relations Flexible Working Bill was adopted by Parliament in July 2023 and received royal assent in the United Kingdom.

Coworking spaces, offering shared workspaces with flexible lease terms, have gained popularity among freelancers, start-ups, and even established enterprises. These spaces often provide a collaborative environment, networking opportunities, and amenities, attracting businesses seeking flexibility.

Technology is playing an increasingly significant role in office spaces. Smart office solutions, including IoT devices, occupancy sensors, and integrated communication tools, enhance efficiency, security, and workplace experience. In January 2023, Global IT Corporation and Konica Minolta Inc. announced the establishment of a joint venture, Konica Minolta Solution Labs Inc., to fortify software development capabilities and boost the growth of the office space market. Konica Minolta also targets other peripheral areas of the market, such as smart office solutions and the potential for untapped software solutions.

Global Office Space Industry Overview

The global office space market is highly competitive and consists of several players. Some prominent players in the market include CBRE Group, Mitsui Fudosan, Jones Lang LaSalle Incorporated, IWG PLC, and WeWork. These companies leverage strategic collaborative initiatives to increase their market share and profitability. Vendors depend on successive merger and acquisition strategies, research and development, geographic expansion, and new product introduction strategies to execute further business expansion and growth.

Global Office Space Market Leaders

  1. CBRE Group Inc

  2. Mitsui Fudosan Co. Ltd.

  3. Jones Lang LaSalle Incorporated

  4. IWG Plc.

  5. WeWork

  6. *Disclaimer: Major Players sorted in no particular order
Global Office Space Market Concentration
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Global Office Space Market News

  • February 2024: The Mississippi Small Business Development Center, in cooperation with the DeSoto County Economic Development Council, opened a satellite office. In DeSoto County and Northwest Mississippi, the alliance aims to improve access to critical funding sources and support for entrepreneurs. The newly set up office of the DCEDC will serve as a focal point for entrepreneurs seeking guidance, experience, and resources to deal with complex development and growth issues.
  • October 2023: CBRE's Trammell Crow Co., a real estate development business, acquired Candour, a London-based office developer. With the acquisition, Trammell Crow expanded into additional property sectors in the United Kingdom. According to CBRE, the acquisition was part of a plan to expand Trammell Crow Co.'s focus on manufacturing in Europe and developing office assets throughout the continent.

Global Office Space Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Government Regulations and Initiatives
  • 4.3 Technological Trends in the Industry
  • 4.4 Insights into Office Rents
  • 4.5 Insights into Office Space Planning
  • 4.6 Impact of Covid-19 on the Market
  • 4.7 Value Chain / Supply Chain Analysis

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Flexible Work Arrangements and Coworking Spaces
  • 5.2 Market Restraints
    • 5.2.1 Remote Work Trends
  • 5.3 Market Opportunities
    • 5.3.1 Technology Integration and Smart Offices
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Threat of New Entrants
    • 5.4.2 Bargaining Power of Buyers/Consumers
    • 5.4.3 Bargaining Power of Suppliers
    • 5.4.4 Threat of Substitute Products
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Building Type
    • 6.1.1 Retrofits
    • 6.1.2 New Buildings
  • 6.2 By End User
    • 6.2.1 IT and Telecommunications
    • 6.2.2 Media and Entertainment
    • 6.2.3 Retail and Consumer Goods
    • 6.2.4 Other End-users
  • 6.3 By Geography
    • 6.3.1 North America
    • 6.3.1.1 United States
    • 6.3.1.2 Canada
    • 6.3.2 Europe
    • 6.3.2.1 Germany
    • 6.3.2.2 United Kingdom
    • 6.3.2.3 France
    • 6.3.2.4 Rest of the Europe
    • 6.3.3 Asia-Pacific
    • 6.3.3.1 India
    • 6.3.3.2 China
    • 6.3.3.3 Japan
    • 6.3.3.4 Rest of the Asia-Pacific
    • 6.3.4 Middle East and Africa
    • 6.3.4.1 South Africa
    • 6.3.4.2 United Arab Emirates
    • 6.3.4.3 Saudi Arabia
    • 6.3.4.4 Egypt
    • 6.3.4.5 Rest of the Middle East and Africa
    • 6.3.5 Latin America
    • 6.3.5.1 Mexico
    • 6.3.5.2 Brazil
    • 6.3.5.3 Argentina
    • 6.3.5.4 Rest of the Latin America

7. COMPETITIVE LANDSCAPE

  • 7.1 Market Concentration Overview
  • 7.2 Company Profiles
    • 7.2.1 CBRE Group Inc.
    • 7.2.2 Mitsui Fudosan Co. Ltd
    • 7.2.3 Jones Lang LaSalle Incorporated
    • 7.2.4 IWG PLC
    • 7.2.5 WeWork
    • 7.2.6 Knotel Inc.
    • 7.2.7 Servcorp
    • 7.2.8 The Office Group
    • 7.2.9 WOJO
    • 7.2.10 Mindspace*
  • *List Not Exhaustive
  • 7.3 Other Companies

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

9. APPENDIX

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Global Office Space Industry Segmentation

Office space refers to space used primarily as work areas for personnel, conference areas, reception areas, hearing rooms, drafting areas, etc. A complete background analysis of the global office space market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends, market dynamics, geographical trends, and COVID-19 impact, is covered in the report.

The global office space market is segmented by building type (retrofits and new buildings), end user (IT and telecommunications, media and entertainment, and retail and consumer goods), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The report offers market sizes and forecasts in value (USD) for all the above segments.

By Building Type Retrofits
New Buildings
By End User IT and Telecommunications
Media and Entertainment
Retail and Consumer Goods
Other End-users
By Geography North America United States
Canada
Europe Germany
United Kingdom
France
Rest of the Europe
Asia-Pacific India
China
Japan
Rest of the Asia-Pacific
Middle East and Africa South Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of the Middle East and Africa
Latin America Mexico
Brazil
Argentina
Rest of the Latin America
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Global Office Space Market Research Faqs

How big is the Global Office Space Market?

The Global Office Space Market size is expected to reach USD 3.26 trillion in 2025 and grow at a CAGR of 5.19% to reach USD 4.20 trillion by 2030.

What is the current Global Office Space Market size?

In 2025, the Global Office Space Market size is expected to reach USD 3.26 trillion.

Who are the key players in Global Office Space Market?

CBRE Group Inc, Mitsui Fudosan Co. Ltd., Jones Lang LaSalle Incorporated, IWG Plc. and WeWork are the major companies operating in the Global Office Space Market.

Which is the fastest growing region in Global Office Space Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global Office Space Market?

In 2025, the North America accounts for the largest market share in Global Office Space Market.

What years does this Global Office Space Market cover, and what was the market size in 2024?

In 2024, the Global Office Space Market size was estimated at USD 3.09 trillion. The report covers the Global Office Space Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Office Space Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Global Office Space Industry Report

Statistics for the 2025 Global Office Space market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Office Space analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.