Florida has three of top 20 US cities for new construction: $5.7 billion in starts so far this year

0
1266
cabana bay universal hotel
The Cabana Bay Beach Resort hotel is Orlando's largest current construction project, according to McGraw Hill Construction. (Photo Copyright Universal Studios).

A recent Forbes magazine article references the top 20 U.S. cities for new construction. While individual Florida communities rank behind places such as New York City and Dallas and Houston, TX, the state still ranks highly — with Miami ranking seventh, Orlando, twelth, and Tampa-St.Petersburg-Clearwater ranking sixteenth.

The three cities, according to McGraw-Hill Construction data, indicate some phenomenal growth, especially from recently depressed market, with about $5.7 billion in starts in the first five months of 2013.

See the article here, and the specific city data below:

16. Tampa-St. Petersburg-Clearwater, Fla.

M.S.A.: Tampa-St. Petersburg-Clearwater, FL

2013 Construction Starts, January to May: $1.7 billion
Change, year-over-year: 50%
2012 Construction Starts: $3 billion
Change from 2011: 38%
Largest 2013 Project Started, to date: Renovation and Addition of Emergency Department Relocation (Tampa, FL)

12. Orlando, Fla.

M.S.A.: Orlando, FL
2013 Construction Starts, January to May: $2.2 billion
Change, year-over-year: 57%
2012 Construction Starts: $3.2 billion
Change from 2011: 43%
Largest 2013 Project Started, to date: Cabana Bay Beach Resort Hotel (Orlando, FL) (See photo)

7. Miami, Fla.

M.S.A.: Miami-Fort Lauderdale-Miami Beach, FL
2013 Construction Starts: $2.8 billion
Change year-over-year: 36%
2012 Construction Starts: $6 billion
Annual Change from 2011: 77%
Largest 2013 Project Started, to date: Dezer Properties’ Porsche Design Residences (Sunny Isles Beach, FL)

McGraw Hill Construction’s top 20 U.S. metropolitan areas are undergoing a building boom based on “Total Building” data and dollar values spent on new construction from January 2013 to May 2013, excluding public-works projects and construction of electric utilities. The New York City metro area topped the list with $8.5 billion in construction starts, a 16% rise year-on-year. Three cities in Texas also made the list.  See http://www.forbes.com/sites/morganbrennan/2013/06/20/u-s-cities-welcoming-the-most-new-construction-in-2013/.

Share this:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

eight + six =

This site uses Akismet to reduce spam. Learn how your comment data is processed.