Commercial Building Construction in Florida - Industry Market Research Report

Foundation laid: With an expanding state economy, the industry exhibited healthy growth

Commercial Building Construction in Florida

The Commercial Building Construction industry in Florida has exhibited strong growth over the five years to 2017. However, despite strong growth during the current period, industry revenue still remains well below prerecessionary highs. As the construction sector and the economy at large recovered, per capita disposable income in Florida increased. These increases in consumer activity have underpinned growth in downstream demand for industry contracts. Additionally, industry performance has been aided by declining unemployment, stronger consumer confidence and improving business sentiment. Downstream demand from key markets is expected to support industry growth over the five years to 2022. However, industry revenue growth is anticipated to decelerate during the outlook period. Moreover, continued increases in consumer spending are expected to facilitate business expansion, bolstering downstream demand growth.

This industry includes companies primarily responsible for work on the construction (i.e. new construction, additions, alterations, maintenance and repairs) of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings (e.g. hospitals and schools), heavy industrial buildings (e.g. factories and power plants) and infrastructure (e.g. communications towers or oil pipelines).

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.