Thursday, June 9, 2011
Local Chicago construction contracts are up 14% so far in 2011!
Crains reported on 6/6 that local contractors and architects “are enjoying a modest uptick” in activity and they couldn’t be happier. Of course they aren’t sure if it will continue. Health care is one of the brightest spots on the local construction scene but the apartment sector is gathering momentum while institutional work for colleges and some commercial and office work is showing evidence of an uptick. This news seems to dovetail with what our office is seeing – more calls, more showings, more offers, more accepted contracts, more closings ad lease consummations. We’re not celebrating yet . . . how do you see it?Crains reported on 6/6 that local contractors and architects “are enjoying a modest uptick” in activity and they couldn’t be happier. Of course they aren’t sure if it will continue. Health care is one of the brightest spots on the local construction scene but the apartment sector is gathering momentum while institutional work for colleges and some commercial and office work is showing evidence of an uptick. This news seems to dovetail with what our office is seeing – more calls, more showings, more offers, more accepted contracts, more closings ad lease consummations. We’re not celebrating yet . . . how do you see it?
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