NEW PROJECTS HIT RECORD PACE: DOLLAR VOLUME RISES BY 21 PERCENT, YEAR OVER YEAR

Spending for new parking construction is spiraling upward to near-record heights. New office construction and airport expansions are helping to generate demand for new parking. Parking construction for the 12 months through March 1998 reached $3.55 billion, up 21% from the previous 12 months. The structural concrete industry is scrambling to keep up, and in some cases cannot. Of late, the ownership of many large parking structures has consolidated under the umbrellas of just a few large real estate investment trusts. As a probable consequence, economies of scale may provide larger parking owners with the means to boost spending for maintenance construction that has been deferred.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/08919526
• Supplemental Notes:
  • Included in special advertising section to this journal issue entitled, "Hot Markets."
• Corporate Authors:

  McGraw-Hill, Incorporated

  330 West 42nd Street
  New York, NY  United States  10036
• Publication Date: 1998-6-29

Language

• English

Media Info

• Pagination: p. H39
• Serial:
  • ENR
  • Volume: 240
  • Issue Number: 26
  • Publisher: McGraw-Hill, Incorporated
  • ISSN: 0891-9526

Subject/Index Terms

• TRT Terms: Concrete industry; Construction; Demand; Economic growth; Maintenance; Needs assessment; Ownership; Parking facilities; Supply
• Uncontrolled Terms: Supply and demand; User needs
• Subject Areas: Construction; Economics; Highways; Maintenance and Preservation; Society; Terminals and Facilities; I10: Economics and Administration;

Filing Info

• Accession Number: 00753157
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 3 1998 12:00AM