Office construction is on the rise
Current pace projects $37 billion this year.
Slowly but surely, U.S. office construction is on the rise.
For much of the six years since the economy tumbled in 2008, office developers haven’t been very busy. Save for the occasional city with a booming industry – led by Houston and Silicon Valley— new office construction has been sparse.
But that’s been changing, particularly over the past year-and-a-half, numbers from the Census Bureau released last week show.
Office developers in September were spending at a pace that was up about 18% compared with September 2013, the Census said. The pace in September, if annualized, would result in $37 billion worth of office building construction for the year, the Census said.
Click here to read the entire article and see charts.
Source: The Wall Street Journal
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
