Question of the Week: What is the most important thing we need to know about the industrial and commercial construction sector right now?
Eric Wolf, president of Excel Construction of Florida, talks about opportunities.
“There are some incredible opportunities in the industrial and commercial construction sector right now, with so many businesses migrating to Florida and with the increased demand for online retail warehousing,” Wolf says. “Despite the challenges brought on by the pandemic, such as material and labor shortages, quality construction firms like Excel Construction of Florida continue to deliver buildings on time and on budget because we rely heavily on strategic planning and in-depth project analysis from initial design. While there are still development opportunities, including value add projects, in Miami Dade and Broward Counties, we see significant potential for the Palm Beach County area, where there are still large plots of land available. There is a demand trend for higher Class-A buildings with Class-A finishes, as tenants and developers rethink work environments in terms of safety, spacing and flexibility.”