Commercial Construction: Economic Report

The current economic state of the commercial construction industry in the US is dynamic. The market is expected to grow at a steady pace of 3.51% annually between 2024 and 2029, reaching a projected value of $203.5 billion.

The outlook shows steady growth, increased demand, and technological advancements to improve efficiencies in the industry—the increased demand in projects will have a strain on the current Commercial Construction labor market as there is already a shortage of qualified Commercial Construction professionals.

The significant skilled worker shortage will likely impact project execution and wages, add to that complex regulations and permitting processes that can add time and cost to construction projects, creating more burden.

Why Commercial Construction GCs Should Partner with Recruiters 

In the fast-paced and competitive world of commercial construction, finding and retaining top talent is crucial for success. This is where commercial construction recruiters become invaluable partners for General Contractors (GCs). Their expertise and extensive network connections can significantly enhance your access to industry top talent and a stronger workforce—creating competitive advantages and profits for your firm.

Reasons GCs should consider partnering with Morisey Darts’s Commercial Construction recruiters: 

1. Access to a wider talent pool: We have established relationships with skilled professionals across the industry, giving you access to a much larger pool of qualified candidates than traditional methods. This is especially helpful for niche positions or projects requiring specific skillsets. 
2. Expertise in construction talent: We specialize in Commercial construction and understand the unique demands and challenges of the industry. We assess candidates’ skills and experience accurately, ensuring you hire individuals who are the right fit for your specific project needs and company culture. 
3. Streamlined hiring process: We handle the legwork of resume screening, interviewing, and reference checks, saving you valuable time and resources. This allows you to focus on core business activities while we identify and vet top talent. 
4. Cost-effective solutions: Our recruitment services lead to significant cost savings in the long run. Our ability to quickly find the right candidates reduces your time and expense of advertising, interviewing, and onboarding new employees. Additionally, hiring the right person the first time minimizes the cost of turnover and ensures project deadlines are met. 
5. Strategic hiring guidance: Morisey Dart recruiters can provide valuable insights and recommendations on your overall hiring strategy. We can help you identify critical skills gaps, develop competitive compensation packages, and refine your employer branding to attract top talent. 

By partnering with our qualified commercial construction recruiters, GCs can gain a significant competitive advantage in today’s market. Our expertise, network, and strategic guidance can help you build a highly skilled and efficient workforce, ultimately leading to better project outcomes and increased profitability. 

Recruiting & Securing Future Leaders in Commercial Construction

The Commercial Construction industry faces a dual challenge: recruiting strong leaders for immediate impact and securing promotable talent for future growth. Commercial Construction leadership should think beyond traditional recruitment and focus on potential and development, not just experience.

CGs should focus on building a wider talent pool and fostering future leaders, investing in workforce development by reskilling & upskilling existing employees that yields future leaders, and develop a strong employer brand to attract new talent by showcasing your company culture, values, and commitment to employee growth.

Adopting these strategies in the Commercial Construction industry can build a robust leadership pipeline and secure their future success.

Ways to Grow Today’s Leaders:

• Focus on skills that are in demand: Project management expertise, technical proficiency, financial acumen, communication & collaboration skills.
• Shifting priorities: Look for adaptability to technology & innovation, sustainability commitment, workforce management in a tight labor market.
• Attracting talent: Competitive compensation & benefits, clear career pathways, diverse & inclusive workplaces.

Ways to Prepare Future Leaders:

• Identifying potential: Proactive talent mapping, internal development programs, mentoring initiatives.
• Cultivating skills: Leadership training, exposure to cross-functional projects, early responsibility, encouraging risk-taking.
• Retention strategies: Strong company culture, work-life balance initiatives, learning & development opportunities.

Please contact our Commercial Construction recruitment team to delve deeper into your hiring strategy and specific aspects of your potential future needs.

Commercial Construction areas of focus include:

• Healthcare/Medical/Sr. Living
• Multi-family/Mixed-Use
• Government/Federal/Municipalities
• Hospitality/Entertainment
• Retail/Shopping Centers
• Education
• Industrial/Warehouse/Storage

Some positions we place:

• CEO/COO/CFO/Vice President
• Managing Director/Director
• Finance/Controller/Accounting/Administrative
• Project Manager
• Superintendent
• Operations
• Field Engineer
• Estimators/Purchasing
• Preconstruction Managers
• Business Development
• Marketing
• Safety Managers
• Quality Control