Commercial Property Remodeling in the US - Industry Market Research Report

Commercial Property Remodeling in the US - Industry Market Research Report

Commercial Property Remodeling in the US

Commercial remodelers enjoyed growth over the current period despite the outbreak of COVID-19 and interest rate hikes which considerably impacted the construction sector. Industry-wide revenue has been growing at a CAGR of 1.5% over the past five years and is expected to total $52.1 billion in 2023, when revenue will jump by an estimated 2.1%.

This industry primarily undertakes remodeling construction for commercial buildings. Remodeling construction includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build companies and remodeling project construction management firms. This industry excludes residential remodeling.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."