Industry Analysis & Industry Trends
The Commercial Building Construction industry has performed well in recent years, after weak economic conditions weighed on private investment in commercial and industrial premises at the start of the five-year period through 2016-17. However, landmark office developments, rising demand for office space, demand for car parks as new car sales soared 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.
The expansion of the economy over the past five years has supported rising capital expenditure, which has led to overall revenue growth. Nevertheless, revenue fell significantly in 2012-13, which was indicative of a lingering degree of uncertainty in the economy... purchase to read more
Industry Report - Industry Analysis Chapter
Relatively stable economic growth has boosted construction activity and supported demand for commercial builds in recent years. Revenue is estimated to rise at a compound annual rate of 2.2% over the five years through 2016-17. Nevertheless, growth has been limited overall due to the faltering nature of the economic recovery, which caused revenue to fall significantly in 2012-13. Recovering business expenditure, strong business confidence and long-term investment plans by large developers have been crucial in supporting industry growth over the past five years.
Industry growth continues to be driven by rising demand for offices and retail spaces in London and other major cities. Com.. purchase to read more