Commercial Building Construction: United States

Report Overview

This report forecasts to 2028 US commercial building construction expenditures in nominal and real (inflation-adjusted) US dollars. Total expenditures in nominal and real dollars are segmented by market in terms of: education and institution, retail and wholesale, office, industrial, healthcare, transportation, lodging, religious, and other markets such as public safety.

To illustrate historical trends, total expenditures and the various segments are provided in annual series from 2013 to 2023.

This report includes new commercial building construction and improvements such as additions, alterations, and major replacements (e.g., heating systems). Maintenance and repairs for existing structures and service facilities are excluded. Also excluded are land acquisition costs, drilling of gas and oil wells, and digging and shoring of mines. As defined by the US Census Bureau, expenditures represent architectural and engineering costs; labor, material, and overhead costs; interest and taxes paid during construction; and contractors’ profits.

This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 1,500, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes

Table of Contents

• Historical Trends
• Key Economic Indicators
• Interest Rate Trends

• Industrial
• Retail, Wholesale, & Storage
• Education
• Office
• Healthcare
• Lodging
• Transportation
• Religious
• Other Markets

• Industry Characteristics
• Market Leaders

• Scope
• Sources
• Industry Codes
• Freedonia Methodology
• Resources

• Figure 1 | Key Trends in US Commercial Building Construction Expenditures, 2023 - 2028
• Figure 2 | US Nominal Commercial Building Construction Expenditure Trends, 2013 - 2023
• Figure 3 | US Real & Nominal Commercial Building Construction Expenditure Trends, 2013 - 2023
• Table 1 | Key Indicators for US Commercial Building Construction Expenditures; 2013, 2018, 2023, 2028
• Figure 4 | US Interest Rate Trends, 2013 - 2023 (%)
• Table 2 | US Interest Rate Trends, 2013 - 2023 (%)
• Figure 5 | US Nominal Commercial Building Construction Expenditures by Market, 2013 - 2028 (US$ bil)
• Table 3 | US Nominal Commercial Building Construction Historical Expenditures by Market, 2013 - 2023 (US$ bil)
• Table 4 | US Nominal Commercial Building Construction Forecast Expenditures by Market, 2023 - 2028 (US$ bil)
• Figure 6 | US Nominal Commercial Building Construction Expenditures by Market, 2013 - 2028 (%)
• Figure 7 | US Real Commercial Building Construction Expenditures by Market Performance Index, 2013 - 2028 (2013=1.00)
• Figure 8 | US Real Commercial Building Construction Expenditures by Market, 2013 - 2028 (2017US$ bil)
• Table 5 | US Real Commercial Building Construction Historical Expenditures by Market, 2013 - 2023 (2017US$ bil)
• Table 6 | US Real Commercial Building Construction Forecast Expenditures by Market, 2023 - 2028 (2017US$ bil)
• Figure 9 | US Real Industrial Building Construction Spending w/ Real Manufacturers’ Shipments, 2013 - 2028
• Figure 10 | US Real Education Building Construction Spending w/ Population 5-24, 2013 - 2028
• Figure 11 | US Survey: Travel Likelihood by Type (% adult respondents)
• Figure 12 | US Survey: Regular Religious Service Attendance, 2015 - 2024 (% respondents)
• Figure 13 | US Commercial Building Construction Firms, Establishments, & Employment, 2013- 2023
• Table 7 | US Commercial Building Construction Firms, Establishments, & Employment, 2013 - 2023
• Table 8 | NAICS & SIC Codes Related to Commercial Building Construction