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2014 Commercial Construction Industry Trends and Predictions

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Englewood Construction recently completed a Season’s 52 on Chicago’s Magnificent Mile. Upscale restaurants will be a growing trend in 2014. This year, I thought I’d take a look at our lengthy, active bid sheet in making 2014 commercial construction industry trends and predictions in the coming year. Big is back.

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Commercial General Construction 2014 Highs and Lows

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As we close out another year, we wanted to take a look back at the commercial construction trends that defined 2014 and highlight some of the highs and lows. According to a recent article from Crain’s Chicago Business , signed contracts for construction projects in the Chicago area were at $4.3 High – Shopping Mall Renovation.

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2015 Commercial Construction Industry Trends and Predictions

HardHatChat

It has been another whirlwind year at Englewood Construction and we are happy to report that our predicted 2014 commercial construction trends came true, which has meant a lot of new projects on our end. When more retailers are packed together, some can get lost in the shuffle. 2) Ground up is on the up and up.

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Looking Back at Commercial Construction 2014 – The Year that Was

HardHatChat

When I look back on 2014, I’m kind of sad to see it go. What does set 2014 apart is the excitement it generated for the commercial construction industry, the optimism it set for the near future, and, perhaps mostly for sentimental reasons, the opportunity it provided to rekindle professional relationships. Self-reinvention.

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2015 Commercial Construction Industry Highs and Lows

HardHatChat

Not only did we more than double our overall volume from 2014 to 2015, but our average value-per-project has doubled in the last two years, too. Low – Retail’s Continued Slump. The retail construction sector was one of our “lows” in our 2014 “Highs and Lows” blog post, and unfortunately it made the list again this year.

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California-Based E-Retailer Picks Indy For New Distribution Center

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an electronics-focused e-retailer, has announced plans to locate a new warehouse facility in Indianapolis, IN, creating up to 150 new jobs by 2015. The City of Industry, CA-headquartered company will invest $20 million to lease, renovate and equip an order fulfillment facility in Indianapolis. Newegg, Inc., Mike Pence.

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Location Focus: Illinois – Trying to Make Headway in Every Way

Business Facilities

From the July/August 2014 issue. Projections show that even just a 15 percent increase in 2014 could generate an additional 1,725 jobs and infuse another $10 million into Illinois’ economy.”. Two Metra commuter rail stations link it to Downtown Chicago and a host of other northwest suburban municipalities. By Robert Tilton.