IllinoisCRE Construction costs are down, but uncertainty overshadows opportunity Between June and December of 2008, steel prices fell 40 percent. In fact, throughout what would be the worst economic decline since the Great Depression,…
IllinoisCRE How concerning are mounting construction costs? The bottom fell out of a lot of things following the 2008 market crash, including construction costs. Prices associated with nonresidential construction tapered off until…
IllinoisCRE Help wanted: Labor shortages continue to crank up construction costs The shortage of qualified trade workers continues to be a prime concern for the construction industry. This dearth of workers, along with the country's threatened…
IllinoisCRE Chicago saw largest rise in construction costs last year Throughout 2018, construction costs rose around the nation at an average of approximately 5.73 percent. Among 14 tracked markets in North America, no market had…
IllinoisCRE Big-picture thinking: Seven large-scale smart construction approaches The cranes dotting the landscapes of Chicago and other major U.S. cities signal that commercial building is still booming. Despite the unfettered volume of new…