Foundation laid: Having largely recovered, the industry will return to healthy growth

The Commercial Building Construction industry in Florida has exhibited strong growth over the five years to 2017. However, despite strong growth during the current period, industry revenue still remains well below prerecessionary highs. As the construction sector and the economy at large recovered, per capita disposable income in Florida increased. These increases in consumer activity have underpinned growth in downstream demand for industry contracts. Additionally, industry performance has been aided by declining unemployment, stronger consumer confidence and improving business sentiment. Downstream demand from key markets is expected to support industry growth over the five years to 2022. However, industry revenue growth is anticipated to decelerate during the outlook period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Many operators started to slowly raise prices as the pool of potential contracts increased, enabling profit margins to expand
  • The private nonresidential construction segment has grown faster in Florida than at the national level
  • Tight labor markets in Florida will continue to cause wage appreciation
  • Industry Report - Industry Investment Chapter

    The Commercial Building Construction industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the average operator spends $0.07 in capital investment. While wages only account for an estimated 7.7% of total revenue, the industry's depreciation costs (a proxy for capital investment) are also very low, consuming only 0.5% of revenue. GCs rarely own whatever heavy equipment is used during construction; rather, heavy equipment and machinery are either rented or owned by subcontractors. Depreciable assets purchased in the industry are typically limited to transportation and office equipment, including computers and computer-aided design software...purchase to read more.

    Additional Insights for the Commercial Building Construction in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Building Construction in Florida Industry are

  • Access to highly skilled workforce
  • Ability to negotiate successfully with regulator
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Florida and Office rental vacancy in the Commercial Building Construction in Florida industry impact industry performance..

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    What's in this report

    What is the Commercial Building Construction in Florida Industry?

    This industry includes companies primarily responsible for work on the construction (i.e. new construction, additions, alterations, maintenance and repairs) of office, retail, hotel, agricultural and entertainment buildings. Participants are general contractors or project managers. This industry excludes institutional buildings (e.g. hospitals and schools), heavy industrial buildings (e.g. factories and power plants) and infrastructure (e.g. communications towers or oil pipelines).

    Industry Products
  • Design, bid, build contracts
  • Design-build contracts
  • Integrated product delivery contracts
  • Construction manager at-risk contracts
  • Construction management agency
  • Industry Activities
  • Office building construction
  • Hotel and motel construction
  • Restaurant, cafe and bar construction
  • Retail store construction
  • Shopping center 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)
  • Radio and television broadcast studio construction
  • Similar Industries
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Heavy Engineering Construction
  • Commercial Leasing
  • Architects
  • Municipal Building Construction
  • Industrial Building Construction in California
  • Commercial Building Construction in California
  • Industrial Building Construction in New York
  • Commercial Building Construction in New York
  • Industrial Building Construction in Illinois
  • Commercial Building Construction in Illinois
  • Industrial Building Construction in Texas
  • Commercial Building Construction in Texas
  • Industrial Building Construction in Florida
  • Commercial Building Construction in Massachusetts
  • Industrial Building Construction in Ohio
  • Commercial Building Construction in Ohio
  • Industrial Building Construction in Pennsylvania
  • Commercial Building Construction in Pennsylvania
  • Commercial Building Construction in New Jersey
  • Industrial Building Construction in Georgia
  • Commercial Building Construction in Georgia
  • Industrial Building Construction in Michigan
  • Commercial Building Construction in Michigan
  • Industrial Building Construction in Wisconsin
  • Commercial Building Construction in Wisconsin
  • Industrial Building Construction in Washington
  • Commercial Building Construction in Washington
  • Industrial Building Construction in Virginia
  • Commercial Building Construction in Virginia
  • Industrial Building Construction in Tennessee
  • Commercial Building Construction in Tennessee
  • Industrial Building Construction in Missouri
  • Commercial Building Construction in Missouri
  • Industrial Building Construction in North Carolina
  • Commercial Building Construction in North Carolina
  • Commercial Building Construction in Minnesota
  • Commercial Building Construction in Maryland
  • Industrial Building Construction in Colorado
  • Commercial Building Construction in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Florida
  • Office rental vacancy
  • Corporate profit
  • Consumer Spending in Florida
  • Yield on 10-year Treasury note

  • Current Performance
  • Starting from the bottom
  • Bucking the national trend
  • Wages and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Unemployment and wages
  • Industry profit and employment
  • Contracts and convergence
  • Table: Commercial Building Construction in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Building Construction in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • Gas Stations with Convenience Stores
  • Department Stores
  • Real Estate Investment Trusts
  • Amusement Parks
  • Casino Hotels

  • Key Selling Industries
  • Cement Manufacturing
  • Concrete Pipe & Block Manufacturing
  • Construction
  • Construction & Mining Equipment Wholesaling
  • Glass Product Manufacturing
  • Heavy Equipment Rental
  • Iron & Steel Manufacturing
  • Property, Casualty and Direct Insurance
  • Wholesale Trade

  • Products & Services
  • Construction manager at-risk contracts
  • Design, bid, build contracts
  • Construction management agency
  • Design-build contracts
  • Integrated product delivery contracts
  • Chart: Commercial Building Construction in Florida Industry Products and Services Segmentation

  • Major Markets
  • Office buildings
  • Retail buildings
  • Lodging
  • Amusement and recreational buildings
  • Warehouses and storage
  • Other markets
  • Farm buildings
  • Chart: Major Market Segmentation for the Commercial Building Construction in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Building Construction in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Commercial Building Construction in Florida Industry

  • Coastal Construction, Moss and Associates, Suffolk Construction Company, KAST Construction,
  • Table: Coastal Construction - financial performance
  • Table: Moss and Associates - financial performance
  • Table: Suffolk Construction Company - financial performance
  • Table: KAST Construction - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Building Construction in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Commercial Building Construction in Florida Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Office Rental Vacancy Rate (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computer-Aided Design (Cad)
  • 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.
  • Developer
  • An enterprise that prepares a real estate site for residential or commercial use. A developer raises capital, gains zoning approvals and hires contractors to design, construct and develop property.
  • General Contractor (Gc)
  • An individual or company that manages the construction of a structure for a property owner or developer. A GC may retain a labor force or use subcontractors. Also called a prime contractor.
  • Write Down
  • To deliberately reduce the value of an asset to reflect its current market value.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Commercial Building Construction in Florida is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Building Construction in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Building Construction in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Building Construction in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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