ENR Art Dept. Retail and commercial building starts. PHOTO COURTESY Forest City Enterprises, Inc. Picking Up Forest City is building a mixed-use development around the Barclays Center Arena in Brooklyn. Related Links: The Top 425 Owners Main Story ENR Top Owners Sourcebook: Overview, Rankings and Market Sector Reports With the retail sector languishing, American developers are clinging to the renewed demand for construction of office and apartment buildings.Providing modest relief, the sector movement is a result of converging market factors, including historically low vacancy rates in offices and a backlog in apartment units, as demand catches up to low levels
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.