Commercial Building Contractors NAICS 2362

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Industry Summary
The 40,344 Commercial building contractors in the US coordinate resources and manage the building process for industrial, commercial, and institutional projects. About 71% of contractors are sole proprietors or entities without workers on payroll. Most commercial building contractors rely heavily on subcontractors.
Dependence on Subcontractors
Commercial building contractors are dependent on subcontractors for specialized activities, such as electrical, plumbing, or mechanical work.
Competitive Pricing Environment
Most commercial construction jobs are competitive bidding situations, and price is a major deciding factor in which commercial contractor obtains the job.
Recent Developments
Jul 3, 2025 - Office Supply to Shrink for First Time in 25 Years
- Amid increased conversions and demolitions, the US supply of office space is on pace to shrink this year for the first time in 25 years, according to real estate services firm CBRE and reporting by The Wall Street Journal. The shift marks a break in a years-long office space glut as federal tax breaks, low interest rates, and unprofitable start-ups fueled office overdevelopment. Matters were made worse as the pandemic reduced demand further. Converting unused offices into residential space seemed like an obvious solution, but until recently, such projects were unprofitable. However, lower property values, local government incentives, and zoning law changes are making conversions practical. While conversions will not reduce office supplies significantly in the short term, they are revitalizing some urban areas by bringing in new residents, which spurs other business development, including entertainment and shopping.
- The total value of nonresidential building starts rose 18% in May, according to Dodge Construction Network. Commercial construction starts increased 28% amid stronger activity in the retail, office, and warehouse subsectors. Healthcare helped boost institutional starts to 19% growth in May over April. Manufacturing starts were down 13%. Dodge Construction Network associate director of forecasting Sarah Martin said, “Construction starts rebounded across most sectors in May, bouncing back from a sluggish April. However, year-to-date figures remain below last year’s pace. Ongoing uncertainty around trade policy and the economic outlook is likely to keep construction activity in check in the months ahead.”
- Demand for building design services improved in May over the prior month, but architectural billings remain soft, according to a June report by the American Institute of Architects (AIA). The AIA’s Architecture Billing Index (ABI) rose to 47.2 in May 2025 from April’s reading of 43.2. Any reading of 50 or more indicates growth in architectural billings. The score for new project inquiries rose to 51.4 in May compared to 48.0 in April, and the index for the value of new design contracts increased from 43.3 to 45.9. The AIA’s Chief Economist, Kermit Baker said, “Business conditions remained sluggish nationwide in May, with nonresidential construction activity continuing to decline in several major metro areas. Firms across all specializations reported declining billings this month. However, the pace of decline slowed at firms specializing in multifamily residential projects. These, along with institutional work, are likely to be the first to return to growth when conditions begin to improve.”
- Firms in the architecture, engineering, and construction (AEC) sector know that generative AI is going to transform their industry, but many struggle with how to adopt AI quickly enough to remain competitive, according to a recent survey by software and AI firm BST Global and reporting by Engineering News-Record. BST partnered with the American Council of Engineering Companies and other industry insiders to conduct the survey. The survey showed that while 82% of respondents expect AI to transform their industry, only 20% said their firm’s readiness was mature or advanced. Most of those surveyed said their AI strategies were in the pilot or exploration stage. More than 90% of respondents ranked “identifying use cases with business value” and “proving business value” as the top challenges for AI implementation. Minimizing risks and proper employee training were key objectives for effective AI adoption.
Industry Revenue
Commercial Building Contractors

Industry Structure
Industry size & Structure
A typical commercial building contractor employs about 23 workers and generates $15.4 million annually.
- The commercial building contracting industry consists of 40,344 companies that employ 910,500 workers and generate $619.7 billion annually.
- About 70% of contractors are sole proprietors or entities without workers on payroll.
- Most commercial building contractors rely heavily on subcontractors.
- Large companies include Turner Corporation, Tutor Perini, Jacobs Engineering, and Gilbane Building Company.
Industry Forecast
Industry Forecast
Commercial Building Contractors Industry Growth

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