Arrant Construction

5 Trends in Commercial Construction in 2024

5 Trends in Commercial Construction in 2024

In 2024, commercial construction trends are projected to showcase a variety of advancements. The past decade witnessed the innovation of 3-D technology for material fabrication and drones for aerial surveillance of construction sites. This evolution reflects an industry that is continuously adapting and embracing new methods to enhance existing practices. Let’s now explore the five prominent trends that commercial general contractors can anticipate in the construction sector this year.

  1. Growth in Particular Markets 

Market experts observed a notable surge in national construction commencements, marking a 6 percent uptick in 2016, totaling over $700 billion, setting the stage for an expansive decade ahead. Additional insights indicated a significant potential for a 13 percent advancement in overall construction activity. This positive trajectory finds backing in the prevailing economic landscape, characterized by gradual increases in long-term interest rates and steady job creation. Projections for 2024 suggest a further boost in commercial construction, particularly in sectors like private development, finance, and technology.

  1. Impact of Rising Labor Costs on Project Schedules

The growth in commercial construction is a positive development for the industry. Nevertheless, subcontractors constitute a significant portion of project expenditures, and many trades underwent layoffs during the recent period of reduced activity. Basic economic principles dictate the current scenario. Contractors are accepting additional projects while subcontractors are handling increased workloads with fewer workers, leading to higher charges. This situation forces contractors to make more challenging decisions when bidding on projects until the availability of subcontracting labor returns to pre-recession levels. Consequently, numerous construction firms might suggest that clients reconsider their project schedules to better manage constrained budgets.

  1. Availability of Building Information Modeling 

Accessible Building Information Modeling (BIM) was once reserved for major projects undertaken by national corporations. However, today, even small to medium-sized commercial construction companies can readily utilize this technology. By harnessing digital tools that amalgamate essential project information, BIM generates formats that are effortlessly shareable. In addition to conventional 3-D visualization, BIM integrates data related to safety protocols, financial estimates, and engineering oversight. This method guarantees precise and instantaneous sharing of information, facilitating the generation of necessary documents.

  1. Cutting-edge Virtual Design and Construction Technology

In addition to serving as a central digital repository for 3-D models and data exchange, Building Information Modeling (BIM) acts as a cornerstone in construction innovation. However, its functionalities face stiff competition from the strides made in Virtual Design and Construction (VDC) technology. Unlike BIM, VDC enhances project modeling by incorporating time-related aspects, thus extending its capabilities to 4-D. This inclusion allows stakeholders, including contractors and clients, to synchronize schedules more effectively by factoring in temporal dynamics. Moreover, VDC introduces 5-D concepts relating to project costs, seamlessly integrating them with the existing 3-D and 4-D models. Consequently, these advancements foster enhanced collaboration among all involved parties and streamline operational efficiency across all project phases. 

  1. Ongoing Focus on Eco-Friendly Building

The importance of constructing green buildings continues to be a priority for all thriving commercial construction firms. This emphasis isn’t just about being eco-conscious; it’s also about recognizing the benefits it brings. Clients are increasingly aware of the advantages of energy-efficient buildings. They understand that although using specialized materials may cost more initially, the long-term savings in operating costs make it a worthwhile investment. Consequently, even projects that previously might not have been considered for LEED certification are now being considered for green construction.

Arrant Construction – Leading the Way in Construction

Our commitment revolves around staying updated with the newest advancements in technology, following trends closely, and keeping an eye on economic predictions. This dedication allows us to uphold our leading status in the realm of commercial general contracting across Houston. At Arrant Construction, we are ever-ready to undertake any project at present, and we are equipped to face upcoming hurdles confidently, thanks to our top-notch design and construction experts. Feel free to reach out to us for further details.

FAQs

What are the top trends in commercial construction for 2024?

In 2024, key trends include sustainable building practices, advanced technology integration, modular construction methods, adaptive reuse of existing structures, and a focus on wellness in building design.

How do sustainable building practices play a role in commercial construction trends?

Sustainable building practices, such as using eco-friendly materials and implementing energy-efficient designs, are gaining momentum. This not only reduces environmental impact but also lowers operational costs for businesses in the long run. 

Why is advanced technology integration significant in commercial construction?

Advanced technology, like Building Information Modeling (BIM) and drones for site monitoring, enhances efficiency, accuracy, and safety on construction sites. These innovations streamline processes and improve project outcomes.

What is adaptive reuse, and why is it becoming popular in commercial construction?

Adaptive reuse involves repurposing existing structures for new uses, such as turning old warehouses into modern offices or converting retail spaces into residential lofts. It’s gaining traction due to its cost-effectiveness, preservation of historic buildings, and sustainability benefits.

Scroll to Top