Continued Improvement Anticipated in Milwaukee Construction Market


​As we begin a new year, we expect the construction industry’s slow but steady recovery to continue.

Nationwide, there has been an ongoing boom in apartment construction. While we expect that to slow as private housing continues to improve, Milwaukee’s downtown market will continue to add units with new projects under construction and others in the pipeline. New office construction has been slow but that should improve in 2014 with several large office projects getting underway. Additionally, Kohl’s plan to renovate existing buildings in the area rather than build new will result in very significant work.

The industrial sector should continue its healthy upswing, particularly in the I-94 South corridor. The region is booming as local businesses expand and as businesses south of the border look to move north where land is available and less costly. We also anticipate more speculative industrial projects in 2014 as developers position themselves for the upswing. Amazon’s new warehouse is certainly going to be a huge project for this area in 2014.

Overall, we anticipate slow but continued improvement in 2014, which will be highlighted by the start of some of the largest projects the area has seen in some time.

A version of this article originally appeared in the Milwaukee Business Journal on January 10, 2014.