CONSTRUCTION FORECAST: PARTLY CLOUDY
|Or is it partly sunny? Either way, the New York Building Congress releases its annual market outlook next week—and presidentRichard Anderson, who's speaking at Bisnow's New York Construction & Development event on Nov. 2, tells us office construction and private institutional development remain strong while other sectors are showing weakness.|
|Although sectors like transportation and infrastructure investment have slowed, residential is slowly strengthening, he tells us. We only saw 6,000 units constructed from '08 to '09, down from the peak of30,000. This year will improve, though nowhere in the range we saw a few years ago. Queens and Manhattan are strongest, whileBrooklyn is coming back (to quote Jay-Z, "Brooklyn, we back on the map") and the Bronx is showing more positive signs. Want to learn more? Join Richard and Tishman Construction Corp prez John Livingston, Columbia University EVP of facilities Joseph Ienuso, Con Edison manager of commercial and industrial energy efficiency programs David Pospisil, and Tarter Krinsky & Drogin partner David Pfeffer as they discuss building trends. Great schmoozing, too!|
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