The floor space of commercialized buildings sold in China has shown a generally upward trend from 2013 to 2023, growing from 130.55 to 206.43 million square meters. The year-on-year variation and CAGR over these years indicate periods of robust growth, with noticeable peaks in certain years. Notably, after a moderate performance from 2014 to 2015, significant growth was observed in 2016 and the following years, with minor fluctuations. By 2023, the growth stabilized with a 4.02% year-on-year increase and a 3.78% five-year CAGR.
Future trends suggest steady growth with a forecasted CAGR of 2.72% over the next five years, leading to a total floor space of 245.15 million square meters by 2028. This represents a 14.38% increase over this period. Key trends to watch include governmental policy changes, economic conditions, and real estate market dynamics, which could impact this forecast.
