CHICAGO, Ill. — A strong retail sector has helped drive 2016 U.S. construction activity with retail construction projects up 24.4 percent year-over-year. But overshadowing the good news is a cloud of economic uncertainty that has companies laser-focused on Lean budgeting and smart spending decisions. According to JLL’s latest report on nonresidential construction activity, U.S. construction employment grew 4.7 percent in the first quarter of 2016 over the first quarter of 2015, with many workers engaged on retail projects. Concerns about China’s steep economic deceleration, combined with a drop in U.S. gross domestic product from 1.4 percent in the fourth quarter … Read more
Retail Innovation, Renovation Drive Construction Growth in 2016
Filed under: eNewsTagged with: commercial construction, JLL, Retail construction