The year-to-date and monthly construction data isn’t looking too positive right now. The latest report from Dodge Data and Analytics said nonresidential construction was down -25% through July.
But even with a significant decline like this, you can still find some large construction projects of interest, as you can see in the chart below. Check out the large hospital project in the approval process at Ohio State University. The 1.9-million-sq-ft Wexner Medical Center is estimated to have a total contract value of $1.79 billion dollars. When you figure that electrical work is — using a very rough rule of thumb estimate — about 10% of a typical project’s total contract value that’s close to a $180-million electrical job. The billion-dollar Fourth Ward Project in Atlanta, which will have a 300,000-sq-ft MailChimp headquarters, was a massive mixed-use project in the news recently, as was the billion-dollar gigafactory that Tesla is now building north of Austin’s airport.The 5 million-sq-ft factory is expected to employ up to 5,000 workers when it’s fully operational.
Other projects of note include the $326 million BayCare Health Systems hospital expected to break ground in summer 2021 near Tampa; the $250-million Orlando Health Jewitt Orthopedic Hospital in Orlando, FL; and Facebook’s $800-million data center to be builit near Nashville, TN.
