Are you planning a few renovations and builds within the next several months? Now couldn’t be a better time to start.
Research shows that commercial remodeling is expected to grow by 4% through 2032. This is due to an increasing emphasis on refurbishing commercial properties.
The construction industry has great things in store for commercial properties. Let’s explore three things you should know about commercial construction and renovation.
1. Increased Interest in the Industry
During the past few years, the commercial renovation industry has experienced a shortage of workers skilled in the trades. This sparked delays.
Skill areas that have especially been in demand are welding, electrical, and HVAC.
However, the ROI of bachelor’s degrees is softening today as higher education prices skyrocket. This has motivated more people to enroll in the United States’ trade schools instead of universities.
This means construction companies can expect to have a larger pool of applicants to choose from within the next few years. These workers can help them complete projects like flooring more quickly, boosting their bottom lines.
Check out the homepage of National Floors Direct to learn more about today’s most popular flooring options for commercial spaces.
2. Adoption of Technology
More builders and renovators of commercial spaces are using technology to complete their projects today, too.
Many construction professionals view digital transformation positively. They see it as a great opportunity to work smarter, not harder.
For instance, software is expected to be more essential than ever for risk management and scheduling. More companies should also use software to manage project costs. Software can help them estimate project costs as well.
3. Safer Workers and Better Equipment
Finally, commercial construction and renovation companies will likely pay more attention to the quality of their equipment in the coming years.
This means you can expect companies to make improvements and upgrades to the following types of heavy machinery in 2023 and beyond:
- Pavers
- Rollers
- Excavators
- Cranes
- Bulldozers
Updating these assets will help companies be more efficient. This may also help reduce worker injuries and accidents.
That’s because older machines don’t have as many safety mechanisms as newer equipment. They also have fewer industry upgrades and monitoring instruments.
Equipment updates could even help companies draw more clients. By keeping your employees safe, you can more effectively prepare for the demand for bigger projects down the road.
Commercial Construction and Renovation
A top trend in commercial construction and renovation is that more people are regaining an interest in the trades. This means the commercial renovation industry may seek a spike in workers within the next few years.
The commercial construction industry will also adopt more technology in the years to come. Safer workers and better equipment are also expected industry-wide.
Consider the many above-listed commercial construction projections as you build this year.
Also, if you enjoyed reading this article, check out the rest of our website for more great content.
