jump to navigation

NYC Construction Boom by the Numbers October 17, 2007

Posted by farshadf in NYC.

How does $83 billion worth of condos, apartments, office towers and huge projects over the next three years sound? That’s the projected spending on the ongoing NYC “building boom,” according to a new report from the New York Building Congress. That works out to an increase in construction jobs from 116,000 in 2006 to 130,000 by 2009. The spending works out to $26 billion this year, $27.5 billion next year and $29 billion in 2009. Residential construction is projected to decline from 35,000 units this year to 30,000 in 2009. But, huge projects like the 7 Train extension, Second Avenue subway, West Side Rail Yard development and World Trade Center rebuilding are going to keep the overall numbers up for some time to come.



No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: