Texas & Louisiana City Scoop: Construction Starts in Tulsa
Total construction spending expected to fall by 25% heading into 2020
Non-residential and residential sectors forecast to weaken sharply, while non-building work jumps 22%.
City Grill
Ryan Haynie
Vice President – Tulsa
Manhattan Construction Co.
A strong regional economy in Tulsa is driving a robust construction outlook heading into 2020, Haynie says, as projects of all sizes and across multiple market sectors are creating a diverse construction environment.
“The largest projects in Tulsa and northeast Oklahoma continue to be manufacturing, industrial and data centers facilities,” Haynie says. “Northeast Oklahoma’s robust career development efforts focused on creating a skilled and high-tech workforce are creating an appealing environment for companies seeking to relocate or expand.”
Other substantial projects in the health care, commercial office and retail market segments are also being driven by a strong economy, he adds.
“Although Manhattan Construction is active in nearly every market segment in region, Manhattan’s largest projects currently in preconstruction are in industrial, health care and K-12,” Haynie says. “Due to the busy market conditions and similar to several other areas of the country, the availability of construction labor continues to be a challenge in northeast Oklahoma and must be closely managed, especially on larger projects.”
