South Florida 2nd most construction in 1st half of 2015


The South Florida metropolitan area had the second-most contraction contracts awarded in the first half of 2015, according to Dodge Data & Analytics.
The company recorded $2.96 billion in commercial and multifamily construction starts in the tri-county area, behind only New York with a massive $17.3 billion.

South Florida had more construction than larger metro areas such as Los Angeles, Houston, Dallas, Chicago and Washington, D.C.
The residential, retail, industrial and health care facility sectors have been the largest drivers of construction in South Florida. Given the number of huge projects in the pipeline, such as Miami Worldcenter, SoLe Mia in North Miami, Dania Pointe, Metropica in Sunrise, Atlantic Crossing in Delray Beach and Transit Village in West Palm Beach, construction spending isn’t likely to slow down.
Dodge Data & Analytics said construction starts surged 38 percent in South Florida in the first half of 2015, compared to the same period a year ago. That beat the national average increase of 13 percent. However, it ranked just 10th among the largest 20 metro areas on the list for most construction.

Las Vegas had the biggest year-over-year increase, at 181 percent, to $1.01 billion; followed by Kansas City, at 116 percent, to $842 million; and Tampa Bay, at 89 percent, to $979 million. Orlando also made the list with a 65 percent increase in construction starts, to $889 million.
“Market fundamentals such as occupancies and rents continue to show improvement, which supports further growth for commercial and multifamily construction,” said Robert A. Murray, chief economist for Dodge Data & Analytics. “While the expansion for the overall economy remains tepid, as shown by the 2.3 percent growth for GDP in the second quarter, commercial and multifamily development continues to be a prime focus of the investment community in its search for yield. The level of construction starts for commercial building is still well below the peak volume of the previous decade, even with double-digit gains over the past four years.”

Source:  South Florida Residential Real Estate

Recent News

 
Vermeer WC2500TX Wood Chipper
The WC2500TX tracked wood chipper has a 600-horsepower Tier 4-F engine that enables it to handle whole trees. It comes with either a microchip drum, which produces chip sizes between 1/8 and 5/8 inch, or a macrochip drum, which produces chips between 5/8 and 1 1/4 inches. High-wear areas—such as the drum, discharge chute, cutter
“TENEMOS TODO MENOS GASOLINA”
www.tractopart.com TENEMOS PIEZAS ORIGINALES, PARTES DE REEMPLAZO, RECONSTRUIDO Y USADOS CON GARANTÍA.
Antofagasta:  punto de encuentro de la industria minera en Exponor 2017
Una vez más, como ha sido cada año por medio desde 1995, los distintos estamentos que componen la industria minera se reúnen en una de las citas más importantes del sector, la Exhibición de Tecnologías e Innovaciones Globales para la Minería, Exponor. Con sede en Antofagasta, durante una semana se convierte en el polo de
Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp
ACTUALIDAD EMPRESARIAL. Más de 2 mil operadores de equipos pesados participan en tercer concurso organizado por Ferreycorp.
Link-Belt 750 X4 Excavator
    The 750 X4 excavator has an operating weight of 158,300 pounds, and is powered by a 512-horsepower Isuzu engine. Cycles times have been boosted by 7 percent, and arm digging force by 15 percent, compared to the predecessor. Digging depth is 32 feet 4 inches with 64,970 lb.-ft. of arm force. Bucket digging
La fuerte baja en El Precio del cobre en Chile y menores leyes mineras golpearon al sector.
La compleja situación por la que atravesó la minería en 2016 se dejó sentir en la recaudación fiscal. Es que la caída en el valor del cobre y la disminución de las leyes mineras impactaron fuerte en el royalty, cuya recaudación alcanzó su menor nivel en la historia del impuesto específico que se creó en

About Us

 
In Tractopart we supply quality construction Parts and Heavy Equipment Parts with excellent discount rate for New , Used Rebuilt & Surplus parts for excavators, Wheel loader dozers, and undercarriage for all heavy equipment brands, we are locate in Miami, Fl

Contact Info

 

At Tractopart we focus on providing high quality parts at a great price. Our parts are subjected to rigorous inspection procedures that allow us to ensure product quality.


Phone: 786.219.1010
Email: sales@tractopart.com
Main Office: 3505 South Ocean Drive #204
Hollywood, FL 33019