Industry group says state ranks fifth in overall commercial development nationwide. It's not just your imagination: Florida is booming. The state ranked fifth in the U.S. for all commercial real estate development, according to an annual survey by an affiliate of the National Association of Industrial and Office Parks. The Sunshine State trailed only Texas, New York, California (perhaps no surprise there) and a sleeper — Tennessee.
Construction spending on transportation structures for March 2019 was estimated at a seasonally adjusted annual rate of $53.35 billion, a 7.9 percent increase from the same period a year earlier, according to a U.S. Census Bureau report, which was released on Aug. 6.
South Florida avoided the once-Category 5 storm that caused devastation to the northern Bahamas. Most general contractors are back to work in South Florida, after securing and shutting down their job sites last week in anticipation of Hurricane Dorian’s arrival. While South Florida escaped the storm’s wrath, developers and contractors saw their costs rise as the days ticked by.
The Trump administration has finalized the first steps in AGC supported changes to streamline and modernize the implementation of the Endangered Species Act, which can be unpredictable and add delay and cost to the permitting and construction of infrastructure projects.
Construction work zones create hazards for drivers and workers but steps exist to providing a safer workplace.
The building is distinguished by its rooftop solar array and its air-tight envelope. NeoCity Academy’s features include a roof that hosts 650 self-ballasted solar panels that will produce 228 kW of energy. The school is targeting an Energy Use Intensity rate of 20, compared to the 65-75 EUI rate of an average building. The 44,820-sf STEM school, which opened officially on August 12 for 500 students, is designed and built to use 76% less energy than a regular school, and to save $115,000 per year in energy costs.
The state government is charging ahead with its project to expand the state’s electric vehicle infrastructure. The plan is designed to increase the number of charging stations along major thoroughfares throughout the state.
With enviable beauty and diverse culture, a strategic geographic location, and a thriving business, tech, and financial hub, Miami has become a top contender for companies, like Amazon, looking to add new headquarters or relocate. And the city’s commercial real estate landscape — including its design, connectivity, and availability of premier and build-to-suit office space — is accommodating to everyone from startups to Fortune 500 companies.