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Can construction jobs keep up with new development?

  • ​With construction projects ranging from 4.3 million square feet of office buildings to 3.1 million square feet of industrial buildings to roughly $5 billion in infrastructure investments—and everything in between—Denver certainly does not have a surplus of skilled construction workers.
  • In fact, over the last year, construction employment has actually decreased by 1.0 percent. After growing nearly 50.0 percent since mid-2011, employment growth seems to have tapered off, despite the near-record levels of construction occurring throughout the metro area.
  • With large projects, like the National Western Complex, the revamp of DIA and the Central I-70 project all in the pipeline, the need for skilled labor is high. The state of Colorado has a program in place to train workers, and as some major projects, like the construction of 1144 15th Street, wrap up, those workers will be able to move on to the next venture. And, of course, timing is everything. The aforementioned projects still require some time in the planning stages before they begin to move dirt, so there is hope that the labor shortage works itself out.    

Source: JLL Research​

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