2023 Construction Cost Data
Industrial/Commercial Construction Cost Data
Compass International, Inc. is a professional commercial construction cost estimating and consulting firm established in 1992 to provide services to Owners, Financial Institutions, Design Professionals and Construction Organizations.
Compass International services include the publication of eight annual Industrial and Commercial construction cost databases, project and construction management, estimation reviews, audits, and validation services, as well as value engineering, strategic planning, and in-house training for up to 25 mid-senior level staff.
GLOBAL CONSTRUCTION NEWSLETTER
Q1 2026
The global construction market is projected to experience another positive year of growth in 2026 if the current conflict in Europe can be resolved in the next 3 months.The Global Construction industry is projected to grow slightly in the range of 0.5% to 3.5%, not that great, but still moving in a positive direction. This growth will be propelled by Infrastructure projects, AI related data centers, Oil / Gas grassroots & add-on facilities. Institutional, Private Housing & Commercial type construction will (for the most part) decline slightly.
The Global Construction industry is set to embark on an amazing expansion in the next 15 years growing from $11 trillion today to a possible $20 trillion market, a 75% increase, assuming of course that no major conflicts or geopolitical event arises.
The global construction industry is starting to embrace AI, Digitalization, robotics and the use of drones. These systems are essential for staying efficient and profitable, unfortunately we are seeing some construction organizations reducing staff. This trend will continue in 2026 and beyond.
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Free Estimating Templates
This real-world cost data format will help you in your estimating efforts. Check back regularly as we update these every few months!
