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Commercial Real Estate Market to Grow by USD 427.3 Billion from 2025-2029, Driven by Global Commercial Sector Growth, Report on How AI is Driving Market Transformation – Technavio

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NEW YORK, Feb. 11, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global commercial real estate market size is estimated to grow by USD 427.3 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 4.6% during the forecast period. Growing commercial sector globally is driving market growth, with a trend towards increasing marketing initiatives. However, rising emphasis on remote work and online shopping poses a challenge. Key market players include Atlas Technical Consultants, Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services Inc., MaxWell Realty Canada, NAI , Nakheel PJSC, Onni Contracting Ltd., Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc.

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

End-user (Offices, Retail, Leisure, and Others), Channel (Rental, Lease, and Sales), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Atlas Technical Consultants, Boston Commercial Properties Inc., Brookfield Business Partners LP, CBRE Group Inc., Dalian Wanda Group, DLF Ltd., Keller Williams Realty Inc., Lee and Associates Licensing and Administration Co. LP, Link Asset Management Ltd., Marcus and Millichap Real Estate Investment Services Inc., MaxWell Realty Canada, NAI Global, Nakheel PJSC, Onni Contracting Ltd., Prologis Inc., RAK PROPERTIES, Segro Plc, Shannon Waltchack, TCN Worldwide, and WeWork Inc

Key Market Trends Fueling Growth

Commercial real estate market is witnessing significant trends in various sectors. Retail and hospitality industries are thriving, with GST bringing in a stable economic environment. Smart Cities Mission is driving demand for commercial spaces, particularly in IT and engineering sectors. Boutique businesses and start-ups prefer co-working spaces and flex centers. Technology development, including virtual property tours, artificial intelligence, and virtual reality, is transforming the industry. Data analytics is essential for making informed lease decisions. The vaccine campaign boosts confidence in hospitality and office spaces. Industrial and logistics sectors continue to grow, with e-commerce driving demand for warehouses. Developers are focusing on future workplaces, incorporating technology and sustainability. Office spaces, including conventional and co-working, are in high demand. Multifamily housing is another growing sector. Business owners benefit from these trends, ensuring a vibrant commercial real estate market.

In the commercial real estate sector, vendors employ an integrated marketing communication strategy to sell their properties. This approach utilizes various channels like newspapers, magazines, and social media. TV advertisements are followed by digital campaigns, which include Internet pre-roll, social media, and blogging. Creating visually engaging content on social media platforms, particularly Instagram, is essential for customer engagement and brand development. By showcasing product usage ideas, vendors foster online brand communities and increase consumer interest.

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Market Challenges

Commercial real estate market faces various challenges in sectors like retail and hospitality due to changing consumer behaviors and increased competition from e-commerce. GST implementation brought new complexities. Smart Cities Mission and IT sectors present opportunities, with tech development driving demand for co-working spaces and flex centers. Boutique businesses and start-ups prefer these flexible workspaces. Virtual property tours, AI, and VR are transforming how we lease offices, industrial spaces, and multifamily properties. The vaccine campaign and stable economic environment boost confidence among business owners. Developers must adapt to future workplaces, focusing on industrial and logistics, hospitality, and office spaces for IT, engineering, and manufacturing businesses. Data analytics will be crucial for making informed decisions. E-commerce growth impacts traditional office spaces, with conventional offices evolving to meet new demands.The retail sector has experienced significant shifts due to technological advancements and altered consumer behaviors. Online shopping’s rise has resulted in decreased foot traffic in traditional brick-and-mortar stores. Similarly, remote work trends have impacted the demand for office spaces. Businesses are adapting by offering flexible workspaces and integrating advanced technology like virtual reality. These changes challenge conventional commercial real estate models, particularly traditional office spaces designed for in-person collaboration and set work hours.

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Segment Overview

This commercial real estate market report extensively covers market segmentation by

End-userOfficesRetailLeisureOthersChannelRentalLeaseSalesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

1.1 Offices- The global commercial real estate market is experiencing a notable expansion in the offices segment. This growth is driven by shifting work patterns and corporate demands. Flexible work arrangements, hybrid models, and technological advancements are influencing the need for office space. To attract and retain talent, businesses prioritize contemporary, adaptable, and technologically advanced work environments. Co-working spaces like Regus and WeWork, which provide flexible office solutions, are gaining popularity. Major corporations, such as Google and Amazon, are investing in innovative office designs that foster collaboration and employee satisfaction. The offices end-user segment is projected to expand from 2024 to 2028, reflecting the ongoing evolution of workspaces to align with modern business practices. This trend presents opportunities and challenges for the global commercial real estate market, leading to moderate growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023)

Research Analysis

The commercial real estate market is experiencing a significant shift with the integration of technology and the rise of new sectors like retail and hospitality, IT, and smart cities. The implementation of GST has brought about new opportunities and challenges for business owners leasing offices, industrial spaces, and multifamily properties. Smart City initiatives under the Smart Cities Mission are driving demand for commercial spaces, particularly in IT and industrial sectors. Boutique businesses are also thriving, leading to an increase in demand for coworking spaces. Technology development, including virtual property tours and artificial intelligence, is transforming the way commercial real estate is bought, sold, and managed. The conventional office market continues to evolve, with a growing preference for flexible lease terms and modern amenities. Overall, the commercial real estate market is dynamic and constantly evolving, presenting both opportunities and challenges for investors and businesses alike.

Market Research Overview

Commercial real estate markets are experiencing a dynamic shift with the convergence of various trends. Retail and hospitality sectors are adapting to the new normal with contactless transactions and virtual property tours, driven by technology development and the increasing popularity of e-commerce. The Smart Cities Mission is transforming urban landscapes with advanced technology, AI, and VR, creating future workplaces for IT, engineering, and manufacturing businesses. Boutique businesses and start-ups are thriving in co-working spaces and flex centers. The stable economic environment and the vaccine campaign are boosting confidence among business owners, leading to increased demand for offices and industrial spaces. Data analytics is playing a crucial role in informed decision-making, while GST simplification is streamlining transactions. The industrial and logistics segment is witnessing significant growth, driven by the e-commerce boom. The retail segment is evolving, with a focus on sustainable and experiential retail. The future of commercial real estate is technology-driven, sustainable, and adaptive to changing business needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userOfficesRetailLeisureOthersChannelRentalLeaseSalesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

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Technology

ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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