Industry Analysis & Industry Trends
The Commercial Building Construction industry has been recovering from a tumultuous period during the economic downturn, when private investment in commercial and industrial premises slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government's spending cuts affected demand for institutional buildings such as schools and hospitals. However, the Olympic Games and some landmark office developments provided some support for those operators based in or near London.
Increased business confidence stemming from a stabilising of the economy helped demand to recover from the recession-induced low in 2011-12... purchase to read more
Industry Report - Industry Analysis Chapter
Commercial building contractors were among those most severely affected by the economic downturn kick-started by the 2008 financial crisis. Private investment plunged, the value of commercial construction output nosedived and industry revenue followed suit. This means that although revenue has grown overall in the past five years, rising at an estimated compound annual rate of 5.9% over the five years through 2015-16, much of this has been possible because a 30.7% revenue fall in 2009-10 brought revenue to an unusual low. Since then, recovering consumer demand, preparations for the 2012 Olympics and long-term investment plans by large developers have helped contractors recover somewhat... purchase to read more