Orlando-area construction work tops $519M in January
Metro Orlando’s commercial construction industry was mighty busy hammering away in January, according to a new report from Dodge Data & Analytics.
Commercial non-residential construction work in Lake, Orange, Osceola and Seminole counties that started in January totaled $176.8 million, up 79 percent from $98.84 million in work for the same month last year. That construction work includes anything in office, retail, hotels, warehouses, manufacturing, educational, health care, religious, government, recreational and other non-residential projects.
Residential builders were equally as busy for the month. Single- and multifamily projects totaled $343.1 million in January, up 39 percent from $247.05 million in residential projects in the year-ago period.
The combined building activity for the month of January totaled $519.9 million, up 50 percent from $345.89 million in the year-ago period.
Construction is a main artery of work for the Central Florida economy. The industry is a vital piece of the business community, as it creates jobs and brings new homes and commercial space needed to help grow Central Florida. It also serves a major role in helping grow the region’s biggest industry — tourism — which is constantly expanding with new hotels, timeshares, retail and entertainment venues, and theme park attractions.