Southeast Retail Project Starts to Decline Again in 2010
The value of 2010�s retail construction starts in the four-state region of Florida, Georgia and the Carolinas is projected to come in just slightly below earlier estimates, according to McGraw-Hill Construction, publisher of Southeast Construction.
Unfortunately for area contractors, those estimates were already negative. McGraw-Hill Construction�s latest figures indicate the region�s retail sector should generate about $2.2 billion in new projects during 2010, down slightly from the estimated $2.3 billion experienced during 2009. For additional perspective, that forecast for 2010 would be the lowest total for Southeast-area retail construction projects in more than 15 years.