Industry Analysis & Industry Trends
The Commercial Building Construction industry has recovered well over the past five years. It had previously endured a period of decline when private investment in commercial and industrial premises slumped in response to adverse trends in employment, company profitability and household spending. However, landmark office developments, rising demand for office space and renewed spending on public health and educational facilities have supported a resurgence in industry activity and consistent expansion in industry revenue since 2013-14.
Economic recovery over the past five years has supported strong capital expenditure, which has led to overall revenue growth... purchase to read more
Industry Report - Industry Products Chapter
Offices are usually constructed in the central business districts of major cities, but there is also significant demand for smaller developments in regional cities and suburban areas. Investment in office construction fluctuates in response to the business cycle but can take significantly longer to recover due to the length of time complex office schemes can take to complete. Many companies went out of business as the recession hit, which meant there were vacancies in office complexes and little incentive to invest in new sites. However, there has been more activity in the segment over the past year because rising business profit and confidence have attracted more investment... purchase to read more