Construction costs begin to level off here

Written by Abraham Galvan on February 6, 2024

Construction costs in Miami-Dade County have begun for the first time to do some leveling off, local experts say.

The stabilization of construction costs can be attributed to elevated interest rates that could impact project financing in some sectors, as well as remote work that is really stymieing the office space and commercial side of the business, said Bob Kramer, vice president and account manager for Skanska’s Florida building operations.

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