California's commercial building market, valued at approximately $151.04 billion in 2024, is projected to grow to $193.94 billion by 2034, driven by trends such as sustainability, technology integration, and the rise of logistics centers due to e-commerce. Challenges include high construction costs, regulatory hurdles, and housing shortages. The market is adapting to demand for flexible workspaces and mixed-use developments, particularly in urban areas. Despite obstacles, the outlook remains positive, with a focus on eco-friendly and smart building practices.
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