Global Building Space to Increase by 26% to 178 Billion Square Meters by 2020

Buildings represent one of the main frontiers in the global challenge to increase efficiency and reduce overall energy consumption. Buildings are responsible for 49% of global energy consumption and 47% of greenhouse gas emissions. In a world where energy prices are volatile and energy costs are an increasingly important consideration for property owners and their tenants, buildings provide a wealth of untapped opportunities for increased energy efficiency and advanced energy management.

Over time, the building stock will continue to grow for a number of reasons. On one hand, population dynamics such as rapid urban migration and total population growth are creating a need for decent housing in urban centers as well as additional commercial building space for purposes of education, healthcare, and other public services. At the same time, increased economic activity will create demand for new commercial building space and infrastructure, leading to growth in the commercial building stock. Although all regions will see considerable growth in the building stock over the next 10 years, Asia Pacific will encompass the majority of new additions.

This Pike Research report provides data and forecasts on the size and growth of the global building stock from 2010 to 2020 as well as a qualitative description of key drivers and trends in the building stock. The database covers eight commercial building types (office, retail, education, healthcare, hotels and restaurants, institutional/assembly, warehouse, and transport) and two residential building types (single-family detached and multi-unit residential) for seven regions worldwide.