The transition of the construction sector to sustainable development mostly depends on the environmental friendliness of building materials. This, in turn, calls for the development of new, strong, and sustainable materials that would be a worthy alternative for traditional materials, including wood. Over the past decade, laminated bamboo lumber (LBL) has received much attention from engineers, practitioners, and scientists for its attractive mechanical properties, comparable to and in some cases superior to hard and softwood. Moreover, the sustainability of LBL is characterized by its high carbon sequestration, fast time to harvest, high yield, and low energy consumption for processing. However, the behavior of LBL is not yet fully understood, which in turn affects the low awareness and application of the material by practitioners and engineers around the world. Since LBL has a promising future, this article will contribute to a better understanding of its mechanical properties and a more accurate design, taking into account the influencing factors. This article discusses the mechanical properties of three types of structural LBL, namely beams, columns, and sheathing panels. The previous works of researchers on the mechanical properties of structural LBL were reviewed, and thus the most common failure modes, the causes of the destruction of structural elements, and the factors that affect their behavior were discussed and described. This work will serve as a reference for current practitioners and future research.