2023 U.S. Industry Statistics & Market Forecast - Commercial & Institutional Building Construction

Published: December 2023

Industry Insights

The Commercial & Institutional Building Construction industry has experienced a shift in recent years, with key trends impacting the way projects are designed and completed. These trends include:

1. Sustainability: Building owners and tenants are placing an increasing emphasis on sustainability and environmentally responsible practices, leading to the incorporation of green building techniques, materials, and technologies.

2. Technology: The use of building information modeling (BIM), virtual reality, and other advanced technologies is becoming more common, leading to greater accuracy and efficiency in the design and construction process.

3. Modular and prefabricated construction: The use of modular and prefabricated building components is gaining popularity, as they offer faster construction timelines, cost savings, and greater precision.

4. Aging infrastructure: Many commercial and institutional buildings are aging, leading to a need for renovation, retrofitting, and updated systems to ensure their continued usability and safety.

5. Diversity and inclusion: The industry is becoming more focused on diversity and inclusion, with an increasing number of women and minorities entering the workforce and being given opportunities for leadership roles.

6. Safety and health: The industry is also placing a greater emphasis on safety and health practices, particularly in response to the COVID-19 pandemic, with enhanced hygiene protocols and social distancing measures becoming common.

Construction Services Breakdown

The following products and services account for the largest source of revenues in the Commercial & Institutional Building Construction industry. Note that there are multiple levels of classification, so some line items are contained within other lines.

Type of Construction	Total Sales ($ millions)
Rental or lease of properties	INCLUDED
Retail trade	INCLUDED
Architectural services	INCLUDED
Real estate commissions and property management fees	INCLUDED
All other business activities secondary to construction activities	INCLUDED
Excavation work: earthmoving or land clearing contractor	INCLUDED
Framing contractor	INCLUDED
Finish carpentry contractor	INCLUDED
All other construction activity	INCLUDED
Other business activities secondary to construction activities, total	INCLUDED
Concrete contractor, except paving or precast	INCLUDED
Heavy construction contractor, such as bridges, tunnels, pipelines, utility lines, and anchored earth retention	INCLUDED
Heavy construction and civil engineering construction, total	INCLUDED
Building construction on land you own or control, for sale	INCLUDED
Construction management, agency or fee only	INCLUDED
Remodeling contractor, except those performing specialized work such as carpentry, flooring, doors, or windows	INCLUDED
Construction management, at risk	INCLUDED
Building construction on land customer owns	INCLUDED
Building construction, total	INCLUDED

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	15%	Order at top of page
Chief Executives	0%
General and Operations Managers	4%
Other Management Occupations	10%
Construction Managers	9%
Construction Managers	9%
Business and Financial Operations Occupations	12%
Business Operations Specialists	11%
Logisticians and Project Management Specialists	7%
Project Management Specialists	6%
Office and Administrative Support Occupations	8%
Construction and Extraction Occupations	53%
Supervisors of Construction and Extraction Workers	11%
First-Line Supervisors of Construction Trades and Extraction Workers	11%
First-Line Supervisors of Construction Trades and Extraction Workers	11%
Construction Trades Workers	40%
Carpenters	14%
Carpenters	14%
Construction Laborers	14%
Construction Laborers	14%

Source: Bureau of Labor Statistics

Commercial & Institutional Building Construction Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Commercial & Institutional Building Construction industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Commercial & Institutional Building Construction industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Commercial & Institutional Building Construction industry.

Government Contracts

In 2022, the federal government spent a total of $102,400,522,669 on Commercial & Institutional Building Construction. It has awarded 25387 contracts to 3852 companies, with an average value of $26,583,729 per company.   

Most Recent Contracts	Date	Total Award Amount
LOYALTY SUPPORT SERVICES Air Freight Way Al Qastal Al Jeeza,	Jun 30, 2023	$160,017