Boingo Market Research
Delivered September 23, 2019. Contributor: ChristineD
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.
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
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
4 billion 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)
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)
Carter (4 million sqf)
The top three vacation rental home developers are
Lennar Corp ($18.81 million
D.R. Horton ($15.73 million
revenue), and the
PulteGroup ($9.82 million
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