Industry Analysis & Industry Trends
Operators in the Commercial Building Construction industry in Canada have experienced strong growth over the past five years. Declining vacancy rates for retail and office building space between 2010 and 2011 allowed the industry to pick up strongly. Commercial construction typically lags behind the overall economy by up to two years, due in part to the length of construction contracts and the pipeline of projects that general contractors keep on the books. Over the five years to 2020, this pipeline of projects and new contracts is anticipated to allow revenue to rebound and expand. The industry is also set to benefit from the increased migration of the population toward metropolitan areas... 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