SAN FRANCISCO, CA

The San Francisco Bay Area experienced its share of economic headwinds as we navigated through Shelter in Place and the broader implications of the COVID-19 pandemic.

As both workers and companies have departed the area, and the lasting implications of infrastructure imbalance have become increasingly apparent, the outlook for construction is increasingly turbid; highly competitive markets with low barriers to entry are experiencing a comfortable level of competition, while negotiated work and projects of a specialized nature still encounter upward price pressure and a lack of readily available resources.

Local jurisdictions have made positive movements towards addressing the area’s lack of housing, and the appetite for large scale-mega projects persists. The San Francisco Bay Area continues as a known incubator of talent with substantial economic upside. Discussions of broader economic shifts and the decreased availability of private investment dollars may serve to only temper the feverish pitch of the local construction market.

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* Other structures include religious buildings, amusement, government communications, and public recreation projects.
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