Commercial Construction Poised for Growth but Traditional Drivers Take Back Seat
- Special Report
L.E.K. and Wells Fargo Securities put forth an encouraging yet realistic prediction in a September 2014 report alerting industry participants that the timing, speed and focus of the commercial construction recovery has likely changed. In “Commercial Construction Poised for Growth but Traditional Drivers Take Back Seat,” we analyzed each commercial subsector under the premise that growth and, more importantly, the drivers of that growth, will vary across the individual subsectors. Our conclusion: historical drivers in certain subsectors have changed and new ones have emerged, depicting a slower recovery than history would suggest (albeit still meaningful).