Building up: Rising consumer spending and favorable interest rates have supported industry growth

The Commercial Building Construction industry in Massachusetts encompasses the value of all new work, alterations and repair and maintenance performed by general contractors, project managers and design-build companies on commercial projects such as offices, hotels and restaurants, retail and warehouse spaces, amusement parks and other recreational buildings. Overall, industry revenue is expected to grow an annualized 12.7% to reach $5.5 billion over the five years to 2018, which includes expected growth of 1.7% in 2018 alone. During the five-year period the number of enterprises grew an annualized 1.1% to reach 1,356, while industry employment increased an annualized 4.8% to reach 5,844 total employees...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
12.7%
Forecast Growth 18-23
Profit
Employment
5,844
Businesses
1,362

Industry Threats & Opportunities

  • Above all, industry performance has been supported by increases in per capita disposable income and in consumer spending
  • Industry Report - Industry Locations Chapter

    Establishments in the Commercial Building Construction industry in Massachusetts are most concentrated in the North Shore and Greater Boston regions, which account for a respective 35.6% and 23.6% of industry establishments in 2018. The next most highly concentrated regions of the state are as follows: the Southern Massachusetts region accounts for 15.9% of industry establishments, while Western and Central Massachusetts account for a respective 11.3% and 12.0%. Finally Cape Cod accounts for just 1.5% of industry establishments in 2018.The regional distribution of establishments most closely follows the state's distribution of population and population density. Overall, establishments are most concentrated in population-dense, often urban, locales. Thi...purchase to read more.

    Additional Insights for the Commercial Building Construction in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Building Construction in Massachusetts 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 Massachusetts and Office rental vacancy in the Commercial Building Construction in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Commercial Building Construction in Massachusetts Industry?

    This industry includes those 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) or infrastructure (e.g. communications towers or oil pipelines).

    Industry Products
  • Construction management at-risk
  • Design and build contracts
  • Design, bid and build contracts
  • Construction management agency
  • IDP Contracts
  • 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 Florida
  • 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 Massachusetts
  • Office rental vacancy
  • Consumer spending in Massachusetts
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Building Construction in Massachusetts 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 management at-risk
  • Design, bid and build contracts
  • Construction management agency
  • Design and build contracts
  • IDP Contracts
  • Chart: Commercial Building Construction in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Office building construction markets
  • Commercial building construction markets
  • Lodging construction markets
  • Amusement and recreational building construction
  • Chart: Major Market Segmentation for the Commercial Building Construction in Massachusetts Industry

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

  • Basis of Competition
    Barriers to Entry
    Suffolk Construction Company, Consigli Construction Co. Inc., Callahan Construction Managers Inc., Shawmut Design and Construction,
  • Table: Suffolk Construction Company - financial performance
  • Table: Consigli Construction Co. Inc. - financial performance
  • Table: Callahan Construction Managers Inc. - financial performance
  • Table: Shawmut Design and Construction - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Building Construction in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of private nonresidential construction in Massachusett (2009-2023)

  • 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)
  • 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 labor force or use subcontractors.
  • 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 research report on Commercial Building Construction in Massachusetts can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Massachusetts:
    • 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 Massachusetts 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 Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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