Notes from Alex Carrick
CanaData’s forecast for total non-residential building construction starts nation-wide in 2009 now stands at 45.5 million square feet. This is about half of what it was two years ago in 2007 at 92.1 million. Last year was the first year of decline in the recession and the square footage of ICI starts (industrial, commercial and institutional) dropped to 75.5 million. The new slightly revised forecasts for 2010 and 2011 are for 56.0 million and 70.0 million square feet respectively.
Commercial building starts in 2009 are now estimated at 22.0 million square feet versus 45.6 million in 2008 and 58.0 million in 2007. They will move back up to 28.0 million in 2010 and 40.5 million in 2011. Rising vacancy rates will inhibit office building construction for several years moving forward. Hotel and motel construction is being held back by the downturn in the economy, fewer U.S. visitors and the increase …
Integrate Bid Opportunities with Your CRM and/or SFA
Seamlessly integrate relevant project news data with your own systems to centralize pipeline and sales lead management. How?
- Establish searches in Reed Connect and repeatedly export data that matches your specific criteria
- Export new projects or updates to projects that you have previously exported
- Select individual projects for export and receive updates to those projects for as long as they are of interest
- Exported projects include company information — who’s bidding and key participants
- Links back to Reed Connect to access full Project Details, Company Details, Contact Details, and Plans & Specs
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