Wonder

Research Outline

Prepared for Danielle K. | Delivered September 23, 2019

Boingo Market Research

Goals

Determine the number of commercial office buildings tenants in the United States and the top three players in the specified sectors. The information will be used for market research purposes.

Early Findings

COMMERCIAL OFFICE BUILDING TENANTS
Since a direct figure was not found even after extensive search through relevant sources, the number of commercial office building tenants was derived using available figures.
In the US, the estimated total available office space area of commercial office buildings is around 4 billion square feet.
The average occupancy rate is 87.61% and the average volume occupied by each office tenant is 9,112 square feet.
Given the above figures, we calculated the estimated number of tenants using the following formula:
(% of occupancy rate X stimated total available office space area)/estimated volume occupied by each office tenant
(87.61% X 4 billion sqf)/9,112 sqf per tenant = 384,592 tenants.

TOP DEVELOPERS PER SECTOR
The top three off-campus student housing developers are American Campus Communities (350 properties), Peak Campus (89 properties), and Greystar (87 properties).
In the commercial office space market space, the top developers are Hines (12 million sqf), Trammell Crow Company (4.1 million sqf), and Carter (4 million sqf).
The top three vacation rental home developers are Lennar Corp ($18.81 million revenue), D.R. Horton ($15.73 million revenue), and the PulteGroup ($9.82 million revenue).