Before the COVID pandemic hit, the American Institute of Architect’s Consensus Construction Forecast Panel was projecting just a 1.5% increase in spending on non-residential buildings and the Engineering News-Record forecasts a 1.6% increase in the Building Cost Index.
As the economy starts to reopen, there is just too much ambiguity and not enough data yet to fully understand the complete impacts of the pandemic, but early indications point to a significant decline in the institutional (14% loss) and commercial (7% loss) sectors that traditionally build parking structures.
With the potential reduction in material costs, the reduced labor shortages, and increased competition, parking structure costs in 2020 may actually decrease in some regions.
WGI © 2020 | 2035 Vista Parkway, West Palm Beach, FL 33411
Enter your zip code, and we’ll personalize your experience with local projects, office locations, team members, and more.
WGI supports its associates with meaningful opportunities for growth, strong benefits and perks, while we work collaboratively with clients and co-consultants to shape and improve communities.
WGI is a dynamic organization with opportunities nationwide for engineers, land surveyors, landscape architects, environmental scientists, and architects.
It seems we can't find what you're looking for.