Texas & Louisiana City Scoop: Construction Starts in Dallas
Value of new contracts expected to edge lower in 2021 after falling last year
Non-residential and non-building sectors are forecast to decline, while residential posts healthy gains.
City Grill
Jason Weeks
Regional Vice President
Brasfield & Gorrie
“Texas continues to see a large number of incoming corporate relocations,” Weeks says. “The vast majority of these corporate relocations are to Austin and Dallas, so the AEC communities in these cities are staying watchful to see how these moves will positively impact our business.”
He says the construction business is faring “OK” in DFW now, but with room for improvement in 2021.
“There has been and will likely continue to be a softening in commercial markets such as office, retail and hospitality. However, unique commercial deals that are well capitalized are still getting done,” Weeks says. “Market sectors such as health care, industrial, mission critical and infrastructure remain strong and show no signs of slowing down.”
Meanwhile, DFW remains a very competitive market, with a high volume of work for which a large number of companies compete. “Given that some projects experienced a stall or even cancellation in 2020, I think we’ll continue to see a highly competitive market,” Weeks says. “Long-term growth studies all point toward significant growth in our region.”
