Overview

High rise: Increasing corporate profit and decreased office vacancy rates will boost demand

IBISWorld’s industry research report on Commercial Building Construction in New York contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Anticipated increases in corporate profit will encourage the private sector to invest in new commercial space
  • Strong corporate profit and increased consumer spending encouraged new businesses to open
  • With continued economic growth, the unemployment rate is projected to steadily fall

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    Industry Analysis & Industry Trends

    Despite tepid statewide economic growth, the Commercial Building Construction industry in New York has flourished over the five years to 2017, amid low borrowing costs, rising consumer demand and a growing number of businesses. Over the five years to 2022, downstream demand is anticipated to remain strong and corporate profit is anticipated to increase, which will encourage the private sector to invest in new commercial space. Coupled with decreasing office vacancy rates, these factors are expected to cause industry revenue to increase over the five-year period...

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    Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***

    Only set Reasons & Level!

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    Additional Insights for the Commercial Building Construction in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Building Construction in New York 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 Consumer Spending in New York and Number of Businesses in New York in the Commercial Building Construction in New York industry impact industry performance..

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    Industry Products

    What is the Commercial Building Construction in New York 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) or infrastructure (e.g. communications towers or oil pipelines).

    Industry Products
    Design, bid, build contracts
    Design-build contracts
    Integrated product delivery
    Construction management agency
    Construction manager at-risk
    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

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Number of Businesses in New York
  • Value of private nonresidential construction in New York
  • Yield on 10-year Treasury note

  • Current Performance
  • Gaining momentum
  • Late bloomer
  • Industry structure and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased consumer and business spending
  • Industry profit and employment
  • Contracts and convergence
  • Table: Commercial Building Construction in New York Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Gas Stations with Convenience Stores
  • Department Stores
  • Real Estate Investment Trusts
  • Amusement Parks
  • Hotels & Motels

  • Key Selling Industries
  • Cement Manufacturing
  • Construction & Mining Equipment Wholesaling
  • Glass Product Manufacturing
  • Iron & Steel Manufacturing
  • Property, Casualty and Direct Insurance

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

  • Major Markets
  • Office buildings
  • Retail buildings
  • Lodging
  • Warehouses and storage
  • Amusement and recreational buildings
  • Chart: Major Market Segmentation for the Commercial Building Construction in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Building Construction in New York

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

  • Major Companies
    AECOM Lend Lease Corporation Limited Turner Construction Co.Tutor Perini Corporation
  • Table: AECOM - financial performance
  • Table: Lend Lease Corporation Limited - financial performance
  • Table: Turner Construction Co. - financial performance
  • Table: Tutor Perini Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Building Construction in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Commercial Building Construction in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Private Nonresidential Construction in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

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

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