Global Commercial And Institutional Land Planning And Development Market Size 2024, Forecast To 2033

The commercial and institutional land planning and development market size has grown strongly in recent years. It will grow from $26.53 billion in 2023 to $28.66 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to urbanization trends, population growth and migration, economic development initiatives, zoning and regulatory frameworks, corporate expansion strategies. The commercial and institutional land planning and development market size is expected to see strong growth in the next few years. It will grow to $39.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to sustainability and green development, technological and infrastructure innovations, shift towards mixed-use developments, resilience planning for climate change, public-private partnerships. Major trends in the forecast period include the adoption of inclusive design, urban regeneration initiatives, integration of green spaces, emphasis on resilient infrastructure, community-centric design with stakeholder engagement.