Compared to traditional onsite steel construction, prefabricated industrial steel construction (PFISC) saves time, money, and resources. It results in sustainable steel structures that use fewer resources and are better for the environment. Despite their advantages, the private sector favors creating high-rise buildings in an old-fashioned way. In order to encourage the adaptability of prefabricated industrial steel buildings (PFISBs) in high-rise structures, this study critically evaluates the adaptable solutions offered in the literature on the recent developments, structural performances, present difficulties, and future potential. In mid-rise and low-rise structures, PFISC is frequently used. In research and case studies, PFISBs have proven to perform admirably under various adverse conditions, including in the event of an earthquake, wind, blast, impact, fire, collapse, and long-term sustained loads. The use of potential research solutions, the “Top-down” strategy, and the resolving of problems such as the structural-based design guidelines, column stability, discontinuous vertical and horizontal diaphragms, cluster columns and beams effect, damage-free and innovative inter- and intra-modular connections, high strength-to-weight modules, numerical simulation, and transportation will help PFISBs to become more widely accepted in high-rise structures. Compared to other materials, steel has recently demonstrated great promise for the construction of PFISBs. Additionally, China plans to increase their PFISC to 30% by 2026, Australia to 15% by 2025, and North America to over 5% by 2023, proving that it is a reasonable response to future urbanization concerns.