Commercial

The downward slide in revenue for the Commercial Building Construction industry has reversed since 2012, thanks to  in nonresidential construction and corporate profit, as well as sustained growth in consumer spending over the past five years. Over the five years to 2022, demand from downstream markets is anticipated to remain strong, along with increasing corporate profit. In addition, growth in consumer spending will raise demand for restaurants and other businesses in the consumer discretionary sector. Furthermore, as the number of new businesses increases and demand for commercial space grows, office vacancy rates are projected to remain low. Encouraged by robust demand, industry revenue is projected to grow over the next five years

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