North America Office Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers North America Real estate Development Trends and it is segmented by Sector (Information Technology [IT and ITES], Manufacturing, BFSI [Banking, Financial Services, and Insurance], Consulting, and Other Sectors) and Geography (US, Canada, and Mexico). The report offers the market size and forecasts in value (USD billion) for all the above segments.

North America Office Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Office Real Estate Market Size

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North America Office Real Estate Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.50 %
Market Concentration Low

Major Players

North America Office Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Office Real Estate Market with other markets in Real Estate and Construction Industry

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North America Office Real Estate Market Analysis

The North America Office Real Estate Market is expected to register a CAGR of greater than 4.5% during the forecast period.

The COVID-19 pandemic severely affected the office real estate market in North America due to restrictions and social distancing policies and the work from home culture. Now, the market is in the recovery phase but not up to the pre-pandemic levels. Furthermore, the growth of the sector is driven by increasing office space absorption, growth in leasing activities, construction of new office spaces, etc.

Furthermore, the United States is the major country in the North American office real estate market, which contributes more than 9.1 billion sq. ft of office inventory space in the suburban and downtown regions. Whereas, in the Canadian office market, growth was experienced in the Class A office market, with the highest rate of available inventory and absorption.

North America Office Real Estate Industry Overview

The report covers the major players operating in the North American office real estate market. The market is fragmented, with large companies having advantages in terms of financial resources while small companies compete effectively by developing expertise in local markets. Some of the major companies include Hines, Turner Construction Company, JBG SMITH Properties, Brookfield Asset Management Inc., etc.

North America Office Real Estate Market Leaders

  1. Hines 

  2. Turner Construction Company. 

  3. JBG SMITH Properties

  4. Brookfield Asset Management Inc.

  5. Trammell Crow Company

  6. *Disclaimer: Major Players sorted in no particular order
 Hines, Turner Construction Company, JBG SMITH Properties, Brookfield Asset Management Inc
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North America Office Real Estate Market News

December 2021: Boston Properties Inc. (the largest publicly traded developer, owner, and manager of Class A office properties) announced that it completed the acquisition of 360 Park Avenue South, a 450,000 square-foot, 20-story office property located in the Midtown South submarket of Manhattan, New York, from Enterprise Asset Management Inc. (an investment management firm). Furthermore, the gross purchase value accounted for approximately USD 300 million.

December 2021: Boston Properties Inc. announced a joint venture in which the company has a 49% ownership and executed a 229,000 square foot lease with a leading biotech company at the venture's 751 Gateway project in South San Francisco, California. The lease covers the entire building, which is currently under construction, with initial occupancy expected in early 2024.

North America Office Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Government Regulations and Initiatives
  • 4.4 Supply Chain/Value Chain Analysis
  • 4.5 Porter's Five Forces Analysis
  • 4.6 Technological Innovations in the Office Real Estate Market
  • 4.7 Impact of Remote Working on Space Demand
  • 4.8 Insights into Key Office Real Estate Industry Metrics (Supply, Rentals, Prices, and Occupancy (%)/Vacancy (%))
  • 4.9 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 United States
    • 5.1.2 Canada
    • 5.1.3 Mexico
  • 5.2 Sector
    • 5.2.1 Information Technology (IT and ITES)
    • 5.2.2 Manufacturing
    • 5.2.3 BFSI (Banking, Financial Services, and Insurance)
    • 5.2.4 Consulting
    • 5.2.5 Other Sectors

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview (Market Concentration and Major Players)
  • 6.2 Company Profiles
    • 6.2.1 Hines
    • 6.2.2 Turner Construction Company
    • 6.2.3 JBG SMITH Properties
    • 6.2.4 Brookfield Asset Management Inc.
    • 6.2.5 Trammell Crow Company
    • 6.2.6 BXP
    • 6.2.7 Hensel Phelps
    • 6.2.8 Gilbane
    • 6.2.9 PCL Constructors Inc.
    • 6.2.10 SHANNON WALTCHACK LLC
    • 6.2.11 DPR Construction
    • 6.2.12 HITT Contracting Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. APPENDIX

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North America Office Real Estate Industry Segmentation

Office real estate refers to the construction of buildings for leasing and selling purposes to companies from different sectors. This report aims to provide a detailed analysis of the North American office real estate market. It focuses on the office real estate sector's market insights, dynamics, technological trends, and government initiatives. Also, this report covers segmentation by geography (United States, Canada, and Mexico) and sector (information technology (IT and ITES), manufacturing, BFSI (banking, financial services, and insurance), consulting, and other sectors). The report offers the market size and forecasts in value (USD billion) for all the above segments.

Geography United States
Canada
Mexico
Sector Information Technology (IT and ITES)
Manufacturing
BFSI (Banking, Financial Services, and Insurance)
Consulting
Other Sectors
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North America Office Real Estate Market Research FAQs

What is the current North America Office Real Estate Market size?

The North America Office Real Estate Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)

Who are the key players in North America Office Real Estate Market?

Hines, Turner Construction Company., JBG SMITH Properties, Brookfield Asset Management Inc. and Trammell Crow Company are the major companies operating in the North America Office Real Estate Market.

What years does this North America Office Real Estate Market cover?

The report covers the North America Office Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Office Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Office Real Estate Industry Report

Statistics for the 2025 North America Office Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Office Real Estate 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.