The Booming Construction Industry in Los Angeles

In Los Angeles, the construction industry is on the rise. More and more construction is being done to build up this major city. In downtown Los Angeles, there still seems to be a great increase in building projects.

 

In 2017, Los Angeles was recognized as having the largest increase in construction costs. This report considered places throughout the entire nation. Since this big year for Los Angeles construction, the construction industry has continued to rise. It looks like it will stay that way for the foreseeable future.

 

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Some types of projects have been more prominent throughout the construction boom. This simply depends on what is needed and what is most popular in the area at the time. Different trends and needs can help to influence what structures are built each year.

 

Last year, non-residential construction was a big part of the construction industry. In 2019, it’s predicted that non-residential construction work will be a prominent type of work done in Los Angeles. There could be a 16% rise in non-residential construction work. (https://www.enr.com/articles/46299-california-city-scoop-construction-starts-in-los-angeles)

 

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Though construction in Los Angeles has had an emphasis on non-residential work, over 3,000 housing units were built in 2018. You can look for some residential construction this year, but there will not be a heavy focus on it.

 

 

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There are many big developments underway. One area where the construction is particularly booming is with the preparations for the 2028 Olympic Games. The Olympics will be held in Los Angeles so there is much to do in the meantime.

 

There are plenty more construction projects happening in Los Angeles too. These cover a variety of types of construction. For one, the Los Angeles Convention Center is being overhauled with a $1.2 billion expansion and renovation. The Watercourt Plaza is being renovated. The plans are to remove the water features and add in a lawn area for concerts. The Colburn Schools are being expanded with the help of Frank Gehry’s design.

 

 

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Though the construction industry has been booming for the past few years, it looks like it will continue to rise in the coming years. It does not seem to be slowing down any time soon and there is still a need for all kinds of construction in Los Angeles. There is some concern about a recession, but the development is still going strong now.

 

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