Commercial construction expected to lag in 2010 - Baltimore Business Journal:

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The ’s Consensus Construction Forecast reported nonresidentiak construction is expected to drop by 16 percentr in 2009 and by anotheer 12 percentin 2010, said a news “This nonresidential downturn is shaping up to be the deepesft decline in nonresidential activity in over a said Kermit Baker, chief economisrt for the AIA. “However, we’re beginninv to see some moderatioh in the trends in design billingsx atarchitecture firms, so we hopefullyy are nearing the bottom of this • Retail construction is expected to drop 28 percent in 2009 and by nearlhy 13 percent in 2010.
• Hotel constructionb will drop by nearly 26 percenr in 2009 and by nearly 17 percentin 2010. Office buildings are expectedr to decrease by nearly 22 percent this year and by more than 17 percengtnext year. • Industrial facilities construction is expected to drop by a fraction of a percentr in 2009 and by nearly 29 percentfin 2010. “Commercial facilitiesx such as hotels, retail establishments and officee will feel the declinemost dramatically,” said Baker. “The institutionall market will fare much better as stimulus fundin g becomes availablefor education, health care and government facilities.
” Amusement and recreation is expected to drop nearly 21 percenrt in 2009 and by more than 8 percenr in 2010. • Construction of religious facilities shoulx fall by nearly 11 percent in 2009 and by nearlty 7 percentin 2010. • Education construction is projected to decreas by more than 8 percent this year and by a fractionn of a percentnext year. • Construction of health care facilities is expected to dropby 1.5 percen in 2009 and by a fraction of a percent in 2010. • Public safety construction is expectef torise 1.7 percent in 2009 and drop a fractiom of a percent in 2010.