Industry Data
By Daryl Delano, Cahners Economist
February 1, 2002
Building Design and Construction
Rental vacancies nationwide
Q3/00 Q3/01
U.S. average 8.2 8.4
Northeast 5.8 5.5
Midwest 9.6 9.3
South 10.6 10.8
West 5.7 6.6
Commercial, industrial & institutional (CII) construction spending
Spending in Oct. 2001 Percent change from Oct. 2000 Spending in year-to-date 2001 Percent change from year-to-date 2000 2000 total spending Annual percent change 2000 2001 2002
CII total $27.14 2.2% $255.08 5.0% $292.42 8.1% 3.4% -2.6%
Commercial 11.16 -8.8 110.93 0.2 133.54 10.9 -3.0 -7.9
Office 4.46 -12.5 46.10 1.4 55.69 17.0 -1.2 -7.7
Retail 5.53 -4.3 52.45 2.1 61.45 8.0 -2.1 -6.6
Hotel/motel 1.17 -14.5 12.37 -10.4 16.40 2.8 -12.1 -14.0
Industrial 2.50 -14.1 27.08 2.1 32.07 -1.7 1.0 -6.6
Institutional 13.48 18.3 117.08 10.7 126.81 8.0 10.7 3.2
Health care 1.66 0.3 16.08 5.2 18.58 6.4 3.0 7.1
Education 6.40 33.2 52.66 14.2 54.92 13.0 15.6 6.4
Other institutional 5.42 9.8 48.34 8.9 53.31 3.9 8.5 -1.7
Multifamily 2.87 21.6 25.96 10.6 28.08 2.3 7.7 1.9
1]
Joslin Diabetes Center Expansion
Boston
$390 million
2]
Cumming Mixed-Use Development
Cumming, Ga.
$250 million
3]
North Point Residential Development
Cambridge, Mass.
$225 million
4]
Blumeyer Village
St. Louis
$166 million
5]
Northstar Golf Course/Condominium
Delaware, Ohio
$100 million
6]
University of Connecticut
Storrs, Conn.
$72 million
7]
Franklin Villa Apartments
Sacramento, Calif.
$60 million
8]
Pick-Fort Shelby Renovation
Detroit
$50 million
9]
Texas & Pacific Building Renovation
Fort Worth, Texas
$50 million
10]
University Twin Towers
Nashville, Tenn.
$50 million
© 2002, Construction Market Data Inc.
1]
JPI Companies (13,000 units)
2]
Pulte Homes (12,773)
3]
Trammell Crow (7,012)
4]
A.G. Spanos Cos. (6,976)
5]
Lincoln Property Co. (6,415)
6]
Simpson Housing (4,345)
7]
Clark Realty Builders (3,620)
8]
Lennar Corp. (3,500)
9]
NVR (3,318) (est.)
10]
Brisben Cos. (2,752)
Source: Professional Builder
Throughout the country, 8.4 percent of the rental stock was vacant during the third quarter of 2001, up only slightly from the 8.2 percent vacancy rate during July-September 2000.
© 2008, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.
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