NAICS 23622 - Commercial and Institutional Building Construction
This industry comprises establishments primarily responsible for the construction (including new work, additions, alterations, maintenance, and repairs) of commercial and institutional buildings and related structures, such as stadiums, grain elevators, and indoor swimming pools. This industry includes establishments responsible for the on-site assembly of modular or prefabricated commercial and institutional buildings. Included in this industry are commercial and institutional building general contractors, commercial and institutional building operative builders, commercial and institutional building design-build firms, and commercial and institutional building project construction management firms.
Industry trends:
The commercial and institutional building construction industry (NAICS 23622) is currently experiencing several qualitative trends. One notable trend is the increasing emphasis on sustainability and green building. Firms are prioritizing energy-efficient building designs and the use of eco-friendly materials to meet stricter environmental regulations and to cater to the growing demand for sustainable development from investors and tenants.
Another trend is the adoption of advanced technologies such as Building Information Modeling (BIM) and 3D printing. These technologies are enhancing project efficiency by improving design accuracy and reducing waste, which ultimately lowers overall construction costs. Additionally, the integration of smart building technologies is becoming more prevalent, with a focus on improving the functionality and energy management of commercial spaces.
Workforce shortages remain a critical challenge in the sector, prompting companies to invest in training programs and recruitment efforts to attract skilled labor. Moreover, the industry is seeing a heightened focus on safety protocols and risk management strategies, driven by both regulatory requirements and the need to mitigate potential project disruptions.
Looking ahead, the outlook for the commercial and institutional building construction industry is positive, with steady growth expected due to ongoing urbanization and infrastructure development. However, potential economic fluctuations and supply chain disruptions could pose risks. Overall, firms that adapt to technological advancements and maintain a focus on sustainability and workforce development are likely to thrive in the near future.
This industry is comprised of:
Addition, alteration and renovation general contractors, commercial and institutional building
Addition, alteration and renovation general contractors, commercial warehouse
Addition, alteration and renovation general contractors, hotel and motel
Addition, alteration and renovation general contractors, industrial warehouse
Addition, alteration and renovation operative builders, commercial and institutional building
Addition, alteration and renovation operative builders, commercial warehouse
Addition, alteration and renovation operative builders, hotel and motel
Addition, alteration and renovation operative builders, industrial warehouse
Addition, alteration and renovation, commercial and institutional building
Addition, alteration and renovation, commercial warehouse
Addition, alteration and renovation, hotel and motel
Addition, alteration and renovation, industrial warehouse
Administration building construction
Airport building construction
Airport terminal construction
Amusement facility construction
Animal shelter and clinic construction
Arena construction
Armory construction
Athletic court, indoor, construction
Auditorium construction
Bank building construction
Barber shop construction
Barrack construction
Beauty salon construction
Broadcasting station construction
Bunkhouse construction
Bus shelter construction
Bus terminal construction
Casino construction
Cinema construction
Civic center construction
Clinic construction
Cold storage plant construction
Commercial building construction
Commercial building construction general contractors
Commercial building construction operative builders
Construction management, commercial and institutional building
Dormitory construction
Dry cleaning plant construction
Educational building construction
Farm building construction
Fire and flood restoration of commercial and institutional buildings
Fire station construction
Garage and service station, commercial, construction
Grain elevator construction
Handyman construction service, commercial and institutional building
Hangar construction
Hatchery construction
Health and athletic club construction
Hospital construction
Hotel construction
Ice rink, indoor, construction
Indoor swimming pool construction
Institutional building construction
Institutional building construction general contractors
Institutional building construction operative builders
Jail construction
Laboratory construction
Library construction
Logging camp construction
Mausoleum (i.e., building) construction
Monument (i.e., building) construction
Motel construction
Museum construction
Office building construction
Operative builders (i.e., building on own land, for sale), commercial and institutional building
Parking garage construction
Penitentiary construction
Post office construction
Prefabricated commercial building erection
Prefabricated institutional building erection
Prison construction
Public warehouse construction
Radio and television broadcast studio construction
Radio station construction
Railway station construction
Recreational facility building construction
Religious building (e.g., church, synagogue, mosque, temple) construction
Restaurant construction
Salon construction
School building construction
Service station construction
Shopping center construction
Shopping mall construction
Silo construction
Speculative builders (i.e., building on own land, for sale), commercial and institutional building
Stadium and arena construction
Storage elevator construction
Store construction
Swimming facility, indoor, construction
Television station construction
Tennis court, indoor, construction
Theater construction
Truck terminal construction
Warehouse construction (e.g., commercial, industrial, manufacturing, private)
Warehouse, commercial and institutional, construction
Warehouse, industrial, construction
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- Employees
- Net Sales
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- Total Assets
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