Industry Analysis & Industry Trends
The recession decimated demand for industry services as vacancy rates for retail space escalated. In response, the federal government implemented numerous initiatives in 2010 to assist the industry in a rapid turnaround. As a result, building starts have picked up due to falling vacancy rates and rising consumer spending over the past five years. Revenue is anticipated to continue its upward trend over the next five years as the population moves to metropolitan areas; additionally, stronger sentiment toward green and sustainable construction will push up demand... purchase to read more
Industry Report - Industry Products Chapter
Participants in the Commercial Building Construction industry constructs, alters, maintenance and repairs offices, retail centres, hotels and entertainment buildings. The majority of participants act as general contractors or project managers. The industry provides a range of services that are customized according to the type of design and utilization. Therefore, completion times vary with each project, depending on which service is being provided.
General contracting services are the most popular among industry participants as this method requires the clients to provide resources such as building drawings and specifications. Once such information is provided, commercial construction firms then competitively bid to receive the project... purchase to read more