The value of commercial construction starts in the United States in 2024 varied significantly depending on the property type. Road and highway construction starts were the category with the highest market share. The construction starts of warehouses amounted to ***** billion U.S. The value of U.S. commercial construction put in place has been growing between 2019 and 2023.

Graph and download economic data for Total Construction Spending: Commercial in the United States (TLCOMCONS) from Jan 2002 to Aug 2025 about commercial, expenditures, construction, and USA.

This statistic represents the value of commercial building construction starts in the United States from 2015 to 2017 with a forecast for the years up to 2022. In the United States, around *** billion U.S. dollars worth of commercial buildings were started in 2017.

This statistic projects the value of new commercial building construction starts in the United States in 2022, broken down by building type. According to the source, the estimated value of new private offices was about **** billion U.S. dollars in that year.

Graph and download economic data for Total Construction Spending: Nonresidential in the United States (TLNRESCONS) from Jan 2002 to Aug 2025 about nonresidential, expenditures, construction, and USA.

New York-Northern New Jersey-Long Island was the metro area in the U.S. with the highest value of construction starts of multifamily and commercial buildings in 2024. The value of starts for commercial buildings and multifamily housing in Dallas-Fort Worth-Arlington, the second city in the ranking, amounted to **** billion U.S. dollars. The third metropolitan area in the ranking was Washington-Arlington-Alexandria.

Graph and download economic data for Total Construction Spending: Commercial in the United States (MPCT03XXS) from Feb 2002 to Aug 2025 about commercial, expenditures, construction, and USA.

In 2024, the type of non-residential construction with the highest volume of floor space started were warehouses. That same year, there were around **** million square meters of office space constructed, and **** million square meters of industrial spaces. The floor space of agricultural construction starts has decreased a lot since its peak value in 2008.

Graph and download economic data for Private New Construction Activity, Commercial Buildings for United States (A02187USA398NNBR) from 1920 to 1963 about buildings, commercial, construction, new, private, and USA.

In 2024, the value of construction of commercial buildings in the United States decreased noticeably, falling to lower levels than in 2022. After a noticeable drop in the U.S. commercial construction market during the 2008 recession, the value of commercial construction that has been put in place has recovered to pre-recession figures, reaching *** billion U.S. dollars in 2022. Warehouses and private offices were the most common type of commercial construction starts in the United States. How does commercial construction differ? Commercial construction is for the purpose of business through new buildings like offices or a new industrial facility. In the commercial market, contractors must also take into account the needs of other businesses that may also be established within the building. The larger size in commercial construction tends to lead to the utilization of steel as well as other equipment such as cranes. Such equipment also requires skilled personnel for safe and efficient operations.

Graph and download economic data for Total Private Construction Spending: Nonresidential in the United States (PNRESCONS) from Jan 1993 to Aug 2025 about nonresidential, expenditures, construction, private, and USA.

Germany Construction Started: NB: Non Residential (NR) data was reported at 611.000 Unit in Mar 2025. This records an increase from the previous number of 578.000 Unit for Feb 2025. Germany Construction Started: NB: Non Residential (NR) data is updated monthly, averaging 771.000 Unit from Jan 2003 (Median) to Mar 2025, with 267 observations. The data reached an all-time high of 1,543.000 Unit in Oct 2016 and a record low of 510.000 Unit in Feb 2009. Germany Construction Started: NB: Non Residential (NR) data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.EA: Construction Started: New Building.

The value of non-residential building construction put in place in 2029 in the United States is expected to reach *** billion U.S. dollars. Non-residential construction can include segments like the construction of lodging, offices, commercial buildings, health care, and education. Generally, the U.S. construction industry is linked to the economic wellbeing of the country. Construction industry needs Within the non-residential building industry, commercial building construction in the U.S. decreased in 2024 after increasing considerably the prior two years. However, the construction industry faces challenges such as the rising construction costs. The modernization of a typically conservative industry will be important in the near future to support customer demands and to improve operation models. Integrating sustainable building processes and features in projects as well as establishing technological advancements like building information modeling (BIM) will be essential for the future of the construction industry. Non-residential vs. residential During the past years, new residential construction in the United States usually had a higher value than non-residential construction. Until 2019, the values of new residential and non-residential construction had remained fairly similar. However, the value of new residential construction started quite fast between 2020 and 2022. Nevertheless, the number of permits for private housing construction started decreasing since late 2022

Israel Construction Area: Non Residential: Started data was reported at 763.000 sq m th in Mar 2018. This records an increase from the previous number of 654.000 sq m th for Dec 2017. Israel Construction Area: Non Residential: Started data is updated quarterly, averaging 640.000 sq m th from Mar 1996 (Median) to Mar 2018, with 89 observations. The data reached an all-time high of 1,185.000 sq m th in Jun 1996 and a record low of 289.000 sq m th in Dec 2003. Israel Construction Area: Non Residential: Started data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EA003: Construction Area Completed, Started and Under Construction.

Graph and download economic data for Total Construction Spending: Total Construction in the United States (TTLCONS) from Jan 1993 to Aug 2025 about headline figure, expenditures, construction, and USA.

The US Commercial Office Construction market, a significant segment of the broader commercial construction industry, is projected to experience steady growth over the next decade. With a global market size of $171.26 billion in 2025 and a Compound Annual Growth Rate (CAGR) of 3.51%, the US market, while lacking precise figures in the provided data, can be reasonably estimated to represent a substantial portion of this global total. Drivers of market growth include increasing urbanization, expanding corporate sectors requiring modern office spaces, and a continued demand for technologically advanced and sustainable buildings. Trends such as the adoption of modular construction techniques to accelerate project timelines and reduce costs, along with a growing emphasis on incorporating smart building technologies, are shaping the market landscape. However, challenges remain. Economic fluctuations, rising material costs, and labor shortages can constrain growth. Furthermore, the increasing popularity of remote work arrangements might moderate the demand for traditional office space, though this effect is likely to be offset by companies seeking to retain a physical office presence for collaboration and team building. The segmentation by end-user (Office Building Construction, Retail Construction, Hospitality Construction, Institutional Construction, and Other End Users) indicates diverse market opportunities, with office building construction remaining the dominant segment. The competitive landscape is characterized by both large multinational corporations and regional players. Key players such as Kiewit Corporation, Bechtel Corporation, and Balfour Beatty LLC are leveraging their expertise and experience to secure prominent projects. However, the market also exhibits a fragmented nature, with numerous smaller construction firms contributing significantly to the overall volume. Regional variations in economic conditions, regulatory frameworks, and construction costs will influence market dynamics. North America is expected to maintain its leading position, driven by strong economic growth and ongoing infrastructural development in the US. However, other regions such as Asia-Pacific are also experiencing significant growth, particularly in rapidly developing economies with booming urban centers. The future of the US Commercial Office Construction market is expected to be characterized by a blend of continued growth, driven by long-term economic trends and technological advancements, alongside ongoing challenges related to cost, labor, and evolving work patterns. Strategic partnerships, technological innovation, and effective risk management will be crucial for companies seeking to thrive in this dynamic market. Recent developments include: Dec 2022: Global Infrastructure Solutions Inc. (GISI) and Hill International Inc. (NYSE: HIL) announced that their strategic merger had been completed following the completion of final regulatory reviews. This merger expands growth opportunities globally for fee infrastructure consulting markets., May 2022: Hyundai Motor announced in May 2022 that it would break ground on its new facility in Georgia in early 2022, with an annual capacity of 300,000 EV units, with commercial production beginning in the first half of 2025. According to an unnamed auto industry source, Hyundai Motor is considering starting construction later in 2023, with commercial production beginning in the second half of 2024.. Key drivers for this market are: Government Initiatives, Demand for office and retail space. Potential restraints include: Government Initiatives, Demand for office and retail space. Notable trends are: The Emergence of Smart Cities is a Key Market Trend.

We use microdata on the phases of commercial construction projects to document three facts regarding time-to-plan lags: (1) plan times are long—about 1.5 years—and highly variable, (2) roughly 40 percent of projects are abandoned in planning, and (3) property price appreciation reduces the likelihood of abandonment. We construct a model with endogenous planning starts and abandonment that matches these facts. The model has the testable implication that supply is more elastic when there are more shovel ready projects available to advance to construction. We use local projections to validate that this prediction holds in the cross-section for US cities.

Discover the latest insights into the booming US Commercial Office Construction Market. This report analyzes market size, growth trends (CAGR 3.51%), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for 2025-2033. Recent developments include: Dec 2022: Global Infrastructure Solutions Inc. (GISI) and Hill International Inc. (NYSE: HIL) announced that their strategic merger had been completed following the completion of final regulatory reviews. This merger expands growth opportunities globally for fee infrastructure consulting markets., May 2022: Hyundai Motor announced in May 2022 that it would break ground on its new facility in Georgia in early 2022, with an annual capacity of 300,000 EV units, with commercial production beginning in the first half of 2025. According to an unnamed auto industry source, Hyundai Motor is considering starting construction later in 2023, with commercial production beginning in the second half of 2024.. Key drivers for this market are: Government Initiatives, Demand for office and retail space. Potential restraints include: Lack of Skilled Labor, Supply chain issues and rising material costs. Notable trends are: The Emergence of Smart Cities is a Key Market Trend.

The statistic shows the annual construction of commercial properties started by property developers in China between 2013 and 2023. In 2023, annual started construction of commercial properties in China amounted to around ***** million square meters.

Housing Starts in the United States decreased to 1307 Thousand units in August from 1429 Thousand units in July of 2025. This dataset provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.