Commercial construction is an integral part of the American economy. According to IBISWorld, it is a $230 Billion industry, the 51st largest by market size. The entire construction industry employs more than 750,000 workers.
But it’s not always smooth sailing as commercial
construction market dynamics keep changing, so you must keep your finger on the
pulse of the industry to stay afloat. Here are trends and challenges to look
out for in 2022.
What a year it has been! Last year was not the one we were expecting, but it was a year we will remember forever.
That sentiment could very well apply to 2021
as well! While this year has been calmer
in some respects as we settle into a “new normal,” the COVID-19 pandemic is not
yet a distant memory and continues to impact our work and lives. Some effects are relatively minor: masks have
joined keys, wallets, and phones on the list of things you don’t leave home without. Video chat apps like Zoom and FaceTime are
ubiquitous as email and text messages.
Terms like “social distancing” and “vax” have entered our vernacular and won’t be disappearing
2020 was the start of a new decade and has been an interesting one to say the least. Each year brings new construction trends and ideas to improve our businesses, but with the current pandemic situation companies are having to plan for things that were never thought of before.