The Real Deal Miami

Construction contracts up by $3.4B in 2014, report shows

Increase of 52 percent from 2013
By Katherine Kallergis | January 30, 2015 05:27PM

Construction in Midtown Miami

Construction in Midtown Miami

Construction contracts in South Florida are up — significantly, according to a report released Thursday.

From 2013 to 2014, there was an overall 52 percent increase in construction contracts awarded in the tri-county area, a difference of about $3.4 billion. That breaks down into a 35 percent increase in nonresidential construction, a difference of nearly $900,000, and a 62 percent increase in residential construction, or about $2.5 billion.

The Dodge Data & Analytics also showed the percentage change of construction activity from December 2013 to December 2014 — overall, an increase of $828,581.