Dallas Downtown & Uptown Real Estate Investment, Brokerage & Tenant News
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Wednesday, August 21, 2013
Dallas Nonresidential Building Contracts Almost Triple from a Year Ago
The latest measure of commercial construction in the Dallas area shows that activity has almost tripled in the last year.
McGraw Hill Construction reported on Tuesday that in July contracts for future nonresidential building in the area totaled almost $1.19 billion. A year earlier, Dallas-area nonresidential construction contracts were estimated at $403 million, McGraw Hill said.
Through the first seven months of 2013, nonresidential construction contracts in the Dallas area total $3.44 billion, the report found. That’s up 39 percent from the same period of 2012.
Residential building is also on the rise, with contracts 33 percent higher in July from a year earlier. Through the first seven months of this year, residential building contracts are running 26 percent ahead of 2012 levels, McGraw Hill said.