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Commercial Building Construction in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL23622aCA

Commercial Building Construction in Newfoundland industry analysis

Revenue for the Commercial Building Construction industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Commercial Building Construction in Newfoundland Market Research Report

What’s Included in the Commercial Building Construction in Newfoundland Market Research Report

Definition of the Commercial Building Construction in Newfoundland?

This industry constructs office, retail, hotel and entertainment buildings. Operators in this industry are responsible for new constructions, additions, alterations, maintenance and repairs. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.

What’s included in the Commercial Building Construction in Newfoundland?

The Commercial Building Construction in Newfoundland includes office building construction, hotel and motel construction, restaurant, cafe and bar construction, retail store construction, shopping centre or shopping mall construction, commercial warehouse construction, service and gas station construction, auto service and sales store construction, entertainment and recreation building construction (e.g. casinos, gyms, cinemas and arenas) and radio and tv broadcast studio construction. Related terms covered in the Commercial Building Construction in Newfoundland industry report includes also called a prime contractor. an individual or company that manages the construction of a structure for a property owner or developer. a gc may retain a labour force or use subcontractors, the use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models and a written offer or bid to contract goods or services at a specified cost or rate.

Industry Performance of the Commercial Building Construction industry in Newfoundland

Benchmark the Commercial Building Construction in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Commercial Building Construction in Newfoundland

#9 in Highest Revenue 0.9% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Commercial Building Construction in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Commercial Building Construction industry in Newfoundland

See how key industry drivers, such as net migration, gross domestic product, median houshold income, consumer spending, corporate profit and value of nonresidential construction are impacting Commercial Building Construction in Newfoundland

Newfoundland Economic Indicators

Net Migration
Gross Domestic Product
Median Houshold Income

View more economic information in NL State Economic profile

Canada Key External Drivers

Consumer spending
Corporate profit
Value of nonresidential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Commercial Building Construction industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Commercial Building Construction in Newfoundland, such as St. John's, Corner Brook and Gander. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Commercial Building Construction industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Commercial Building Construction industry in Newfoundland in 2025?

The market size of the Commercial Building Construction industry in Newfoundland is $347.1m in 2025.

How many businesses are there in the Commercial Building Construction industry in Newfoundland in 2025?

There are 88 businesses in the Commercial Building Construction industry in Newfoundland, which has been declining at an average annual rate of -1.3% from 2020 to 2025.

Has the Commercial Building Construction industry in Newfoundland grown or declined over the past 5 years?

The market size of the Commercial Building Construction industry in Newfoundland has been declining at an average annual rate of -3.8% from 2020 to 2025.

How many employees in the Commercial Building Construction industry in Newfoundland in 2025?

There are 585 employees in the Commercial Building Construction industry in Newfoundland, which has been growing at an average annual rate of 0.1% from 2020 to 2025.