Skilled Construction Worker Shortage Hits U.S. Commercial Real Estate

JLL Real Views | January 24, 2017

U.S. skylines and suburbs are packed with construction cranes, but a serious shortage of skilled trade workers is creating a challenge for contractors and owners alike. Commercial construction and development is at near-record levels across the United States, thanks to a strengthened economy. As of the third quarter of 2016, the volume of jobs, projects and other key industry indicators are all near cyclical highs. But a labor shortage could be threatening the seemingly-endless stream of commercial construction starts. A recent survey conducted by the Associated General Contractors of America found that 69 percent of contractors have d...