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Commercial Construction 2017 Trends and Predictions

HardHatChat

Rounding the corner into the final weeks of 2016, it’s time for our annual post predicting the commercial construction trends that will influence the industry in the coming year. In 2017, retail center developers will continue to focus on creating exceptional experiences that give shoppers new reason to head to the mall. Bill Di Santo.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

By the BF Staff From the March/April 2016 Issue. Retail accounts for more than $2 trillion in total GDP impact with consumer spending accounting for more than two-thirds of the U.S. The Tarpon Point Resort at Marina Village is home to a number of upscale retail shops and restaurants. Credit: City of Cape Coral). percent.

Retail 40
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STATE FOCUS: Florida – Let The Sun Shine

Buisness Facilities Contributed Content

According to the Florida & Metro Forecast 2013–2016 , published in April by the Institute for Economic Competitiveness (College of Business Administration, University of Central Florida), Florida’s economic future also looks bright. percent in 2016. percent by the end of 2016. percent during 2013 to 2016. percent).”.

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Innovation Is Thriving In Arizona

Business Facilities

In 2016, U.S. Zoned mixed-use/commercial. Strong workforce within a 45 minute commute zone. Build to suit retail/restaurant pads and Class A office development opportunities. More than 2 million square feet of retail and restaurants within 3-mile radius. Strong workforce within a 30 minute commute zone.

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Business Facilities Names 2013 Deal of the Year Winners

Buisness Facilities Contributed Content

The company expects to break ground on the new facility by the end of this year and begin tire production by 2016. A key component of the Urban Outfitters deal was the use of Pennsylvania’s Keystone Opportunity Zone (KOZ) incentive program, created in the 1990s to lure new and expanding businesses to the state.

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Illinois Revives Premier Corporate Tax Incentives

Business Facilities

Rauner also enacted an extension of the River Edge Redevelopment Zone tax credit program. The River Edge Redevelopment Zone Program helps stimulate the state’s economy and the local economies where the program is available. Specifically, SB 1783 extends the River Edge Redevelopment Zone tax credit until Dec. Rauner said.

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Less Is More In New England

Business Facilities

percent in 2016, was down 0.8 of Labor BLS, noted that New England’s unemployment rate was measurably lower than the national average in 2016—Maine’s unemployment rate was 3.9 percent in December 2016, marking the sixth consecutive month the rate had declined. percent the same time in 2016. percentage points to 4.9