PUBLISHER: GlobalData | PRODUCT CODE: 1890404
PUBLISHER: GlobalData | PRODUCT CODE: 1890404
This report provides a detailed analysis of office buildings construction projects globally, based on projects tracked by GlobalData.
GlobalData is currently monitoring office building project pipeline valued at $852.6 billion. Of this total, 75.6% ($644.2 billion) is in the pre-execution and execution stages, while the remaining 24.4% ($208.4 billion) is in the pre-planning and planning stages. Western Europe holds the largest regional share at 23.0%, followed by North-East Asia (22%), North America (21.1%), the Middle East and North Africa (10.0%), and Australasia (6.6%). If all projects proceed as scheduled, annual spending on office construction is projected to increase from $97.8 billion in 2024 to $105.0 billion in 2025, and further to $133 billion in 2026.