The number and value of commercial construction starts in the Chicago area continue to lag 2015’s totals, according to the latest research from Dodge Data & Analytics.
The research firm recently released data on October construction starts in the Chicago-Naperville-Joliet area. It found that all nonresidential construction starts totaled more than $311 million during the month. In October of 2015, this number had soared to an impressive $1.4 billion.
Nonresidential construction activity, then, fell 79 percent this October when compared to the same month one year earlier.
For the entire year to date, the Chicago metropolitan area has seen nonresidential construction activity of more than $4.4 billion. That is a 28 percent dip from the more than $6.18 billion in nonresidentail starts that the area saw during the first nine months of 2015.
