How low can it go? That is the question being asked this fall by developers as the economic recession rips through commercial markets with a vengeance, knocking out many projects and lenders and casting uncertainty on the future. Photo: Woodbine Development Corp. Opus North has several major projects under development, including the Shoppes at Fox River, a $40-million mall in Waukesha, Wis. Related Links: The Top Owners Sourcebook Complete Report Story Overview: The Top Owners Health Care: Owners Start To Resume Work On Projects That Were on Hold Education: School Districts Still Reeling From Crash of Housing Market Water/Wastewater: Economic
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.