The commercial construction market has rebounded faster in 2022, and more growth is expected in 2023. During the pandemic, all industries suffered a major setback, for only a select few, such as retail, industrial, and healthcare industries, to recover a year later. The broader commercial construction industry began to rebound in 2022, thanks to the rising demand due to shifting market trends.
Business owners looking to venture into commercial construction or those underway with projects must understand the current commercial construction outlook and what to expect in the long run. We have highlighted some key takeaways in the construction industry and the market indicators to watch.
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