China Commercial Real Estate Market Projected to Reach USD 1.07 Trillion by 2029 with Strong Tech and Finance Sector Contributions

The China Commercial Real Estate Market size in terms of transaction value is expected to grow from USD 0.89 trillion in 2024 to USD 1.07 trillion by 2029, at a CAGR of 3.49% during the forecast period. COVID-19 significantly impacted China's commercial real estate market. With a growing requirement for technology adoption, Chinese real estate companies are using a variety of innovative approaches to improve their technical skills while remaining competitive. Some prominent Chinese commercial real estate developers have partnered with internet and tech giants such as Alibaba, Tencent, JD, and Huawei to increase the adoption of property technology for efficient business operations. Chinese consumers' preferences are driving China's innovation in real estate. Regarding the number of unicorns and valuations, China's property technology market is catching up to that of the United States. About ResearchAndMarkets. comResearchAndMarkets. com is the world's leading source for international market research reports and market data.