Industrial Construction Leading the Industry in Economic Recovery

Since the U.S. economy has started to open back up again, the construction industry has been recovering from the effects of COVID-19. The “new normal” of construction during a pandemic brought unique and costly challenges along with it. From managing PPE supply, to implementing employee wellness checks and contract tracing strategies, general contractors had to be resourceful to get workers back on the job safely. 

Fortunately, the construction industry is leading the charge toward economic recovery. Several economic reports released over the summer indicate that the U.S. construction industry is experiencing one of the fastest rebounds from the negative effects of the pandemic. Job starts, employment and backlogs are all trending back up. Economists conclude that the construction industry’s essential status helped it maintain momentum during the government-ordered shutdowns.

The U.S. Chamber of Commerce recently released data that indicates that general contractors are confident that the market will provide sufficient new business opportunities over the next 12 months. As the construction industry is often considered an early indicator of positive or negative economic trends, this optimism is promising news for the future of our economy.

Industrial Segment Showing Steady Growth

A recent NAIOP study indicated that commercial real estate development, in particular, has shown steady improvement since May. The industrial sector is especially strong. As e-commerce continues to boom, the logistics industry responds by developing regional data centers, warehouses and fulfillment hubs. The pandemic has dramatically increased existing consumer tendencies to shop online, making these industrial spaces even more important. Industrial buildings hitting the market this year are still seeing tremendous interest from buyers and tenants alike.  

SitePro Solutions has seen incredible demand for industrial construction staffing in the Metro Phoenix area. Phoenix ranks ninth for U.S. markets with the most industrial space under construction. In fact, Phoenix is likely to complete a record level of new industrial construction in 2020. Nearly 9.6 million square feet of industrial space have already been completed this year, with another 10.6 million square feet still under construction.

Tech giants including Amazon, Apple, Google, Intel, and Microsoft have all built, or plan to build, new data centers, distribution hubs, or manufacturing facilities in Metro Phoenix. The West Phoenix submarkets of Avondale, Buckeye, Glendale, Goodyear, and Surprise are especially attractive to industrial developers because of the availability of large industrial parcels, and affordable power sources.

Staff Your Projects with SitePro

As the economy continues to rebound, SitePro Solutions is seeing a steady increase in nationwide demand for skilled trades workers, including HVAC techs, electricians, and plumbers. With the skilled trade labor shortage still in effect, getting the right people on-site at large-scale construction jobs can be challenging. In fact, 83 percent of general contractors are reporting having difficulty in finding skilled workers in 2020.

SitePro has more than twenty years of experience in construction staffing, specializing in large-scale commercial construction. We are constantly seeking out new talent, providing client partners with immediate access to pre-screened candidates. We have an approximately 48-hour turnaround time to get the right contractors on your projects. 

Hiring contractors through a staffing agency like SitePro will reduce your risk, lower your FTE count, and help your projects stay on schedule. To find out how to put SitePro to work for you, visit SiteProSolutions.com