Commercial Real Estate Marketing Public Relations
CRELIX: Construction & Engineering

Construction & Engineering

CRELIX loves construction and engineering. It’s one of the sexiest sectors of the real estate industry.

Construction and engineering firms build structures and make them work, accomplishing amazing feats of art, science and sheer strength every day. The challenge becomes more and more complex as buildings go digital and, like people, theoretically become “smarter.”

CRELIX’s appreciation for the construction and engineering firms behind commercial, multifamily and government buildings runs deep. We’ve represented a leader in P3s (public/private partnerships) and in off-site construction. We understand how to differentiate services companies in highly competitive markets.

Construction’s contribution to the U.S. economy is massive. The industry has more than 733,000 employers and over seven million employees, who together create nearly $1.4 trillion of structures each year, according to Associated General Contractors of America.

A February 2022 update from AGC: Construction spending increased in December compared to both November and a year earlier thanks to growing demand for residential construction. Construction spending in December totaled $1.6 trillion at a seasonally adjusted annual rate, 9.0 percent higher than in December 2020. Full-year spending for 2021 increased 8.2 percent compared to 2020. Private nonresidential spending was down slightly from 2020.

Smart buildings, green buildings, modular construction, prefabrication, lean construction, automation, technology and the prospect of increased public infrastructure investment are top of mind at CRELIX.