PUBLISHER: GlobalData | PRODUCT CODE: 1815969
PUBLISHER: GlobalData | PRODUCT CODE: 1815969
This report provides a detailed analysis of office buildings construction projects globally, based on projects tracked by GlobalData.
GlobalData is currently tracking office building pipeline worth $815.6 billion. Of which, 75.5% of the total pipeline, equivalent to $615.7 billion, belongs to the pre-execution and execution stages, while the remaining 24.5%, equivalent to $199.9 billion, belongs to the pre-planning and planning stages. North-East Asia accounts for the largest share of the pipeline, by value, equivalent to 22.5%; this is followed by Western Europe (22%), North America (20.5%), Middle East and North Africa (8.6%) and South-East Asia (7.9%). Assuming all projects go ahead as planned, spending on the pipeline is expected to rise from $76.1 billion in 2024 to $108 billion in 2025 and $134 billion in 2026.