News

Orlando’s Commercial Construction on the Rise

May 19, 2015

Central Florida’s construction, especially the commercial sector, has been rising. Kirk Hazen, the vice president/Southeast district manager for general contractor for Hensel Phelps Construction Company, says that a lot of projects were being planned in 2013, procured in 2014 and now in 2015, the projects are actually starting the construction. “Everyone will be hiring again. In fact, we’re hiring not only carpenters, laborers and craftsmen, but as work keeps picking up, we’re hiring more salaried employees, too.” says Hazen.

In fact, Metro Orlando’s number of construction employees has been rising since 2012. There were 46,000 employees in 2012, 50,900 in 2013 and 55,700 in 2014. Most of the construction projects were built in metro Orlando’s famous tourism area, which brings in about $50 billion for the area. Although there was a 15 percent decrease in pull permits in 2014, it does not mean that the construction sector is slowing down by any means. There are plans for some big projects, such as the $60 million shopping center in Osceola County; a $50 million, 80,000 office space development planned for Lake Nona, by the Tavistock Development Co; along with the I-4 Ultimate project and the $1.3 billion SunRail commuter train.  Two factors involved with the emergence of transportation related projects is the region’s population growth and rising workforce.

Overall, the construction sector is strengthening  and will continue to rise. Please contact us if you have any construction equipment needs!

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http://www.bizjournals.com/orlando/print-edition/2015/03/13/going-vertical-orlandos-commercial-construction.html