570 El Camino Real #150-449 Redwood City, CA. 94063
408-221-3077
www.mnmpartnersllc.com
Join Now

San Francisco Tops the List for World’s Costliest Place to Build

Source: sfchornicle.com | Re-Post MNM Partners, LLC 4/16//2019 –

San Francisco is now the world’s most expensive place to build. The city’s construction costs rose 5% last year, and it’s now more pricey than New York, according to a report released Thursday by consulting company Turner & Townsend.
Costs rose amid demand for new buildings from the booming tech sector, plus a severe construction labor shortage and a spike in steel prices attributed to U.S. and China tariffs. Rising costs are stalling and killing much-needed San Francisco housing projects, exacerbating the shortage, according to developers.
A long-standing problem is the lack of construction workers, with many veterans leaving the industry after the 2008 recession. High housing costs also have caused some workers to move out of the area, and many commute for hours to reach job sites.
Read the full article…

Related Posts

Bay Area Job Market Gains 7000 Jobs, Led by South Bay, San Francisco, East Bay

Source: mercurynewss.com | Re-Post MNM Partners, LLC 3/29/2019 – The Bay Area job market powered to sturdy increases in February,…

0
29 Mar 2019
Office Sales Seen to be Starting Strong and Here’s Why

Source: bizjournals.com | Re-Post MNM Partners, LLC 2/18/2019 – In the first six weeks of 2019, San Francisco has seen about…

0
18 Feb 2019
San Francisco Now Crowned as City with Highest Salary in the World

Source: sfgate.com | Re-Post MNM Partners, LLC 5/29/2019 – San Francisco may have sky-high prices when it comes to everything…

0
29 May 2019

Leave a comment

You must be logged in to post a comment.