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Industry Data





Rental vacancies nationwide
(Percentage of all rentals available)
Q3/00Q3/01
U.S. average8.28.4
Northeast5.85.5
Midwest9.69.3
South10.610.8
West5.76.6
Source: U.S. Department of Commerce

Commercial, industrial & institutional (CII) construction spending
(Billions of current dollars)
Spending in Oct. 2001Percent change from Oct. 2000Spending in year-to-date 2001Percent change from year-to-date 20002000 total spendingAnnual percent change 200020012002
CII total$27.142.2%$255.085.0%$292.428.1%3.4%-2.6%
Commercial11.16-8.8110.930.2133.5410.9-3.0-7.9
Office4.46-12.546.101.455.6917.0-1.2-7.7
Retail5.53-4.352.452.161.458.0-2.1-6.6
Hotel/motel1.17-14.512.37-10.416.402.8-12.1-14.0
Industrial2.50-14.127.082.132.07-1.71.0-6.6
Institutional13.4818.3117.0810.7126.818.010.73.2
Health care1.660.316.085.218.586.43.07.1
Education6.4033.252.6614.254.9213.015.66.4
Other institutional5.429.848.348.953.313.98.5-1.7
Multifamily2.8721.625.9610.628.082.37.71.9
Source: U.S. Department of Commerce; forecast: Cahners Economics

10 Top projects: Multifamily

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.

Top Firms: Multifamily

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

Low vacancies support rental construction

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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