The construction industry is forecast for a strong bounce back next year as new opportunities appear in warehousing & logistics, office, and retail refurbishment, fit out, and the repurposing of redundant commercial premises.
New opportunities are set to emerge over the next three years as the construction industry recovers from the economic slowdown and structural changes that are undermining current workload.
The underlying value of construction starts (projects with a construction value of less than £100 million) are expected to improve in the coming months, but 2023 will still be down by 18% compared to the previous year according to Glenigan’s latest construction industry forecasts.
