Tuesday, March 28, 2006

Going commercial

While I'm here in Nashville learning about demolition, commercial construction is a hot topic. Commercial construction is poised for its best year since 2001, according to Associated General Contractors of America. Job growth and falling vacancy rates may push investment in nonresidential construction up 9% this year to $531 billion. The rebound comes after spending dropped more than 25% from its peak in 2000 as the economy stalled and the Internet bubble burst, leaving more than a quarter of the office space vacant in some markets. Good news, especially in light of the softening in residential construction. Your comment?