Commercial Building Construction: United States

Commercial Building Construction: United States

This report forecasts to 2023 US commercial building construction expenditures in nominal and real (inflation-adjusted) US dollars and floor space in square feet. Total expenditures in nominal and real dollars are segmented by market in terms of: education, retail and wholesale, office, industrial, healthcare, lodging, transportation, religious, and other markets such as public safety. Total floor space is segmented by market as follows: commercial, industrial, office, education, public assembly, lodging, healthcare, and other markets. Total floor space is also segmented by region in terms of: South, Midwest, West, and Northeast.

To illustrate historical trends, total expenditures and the various segments are provided in annual series from 2008 to 2018.

This report includes new commercial building construction and improvements such as additions, alterations, and major replacements (e.g., heating systems). Maintenance and repairs for existing structures and service facilities are excluded. Also excluded are land acquisition costs, drilling of gas and oil wells, and digging and shoring of mines. As defined by the US Census Bureau, expenditures represent architectural and engineering costs; labor, material, and overhead costs; interest and taxes paid during construction; and contractors' profits.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes:
236210 Industrial Building Construction
236220 Commercial and Institutional Building Construction