Infrastructure Projects Drive Private Builds

By: Michael Polentz
– Globe St
Unless you have literally been living under a rock, anyone who lives or works in the San Francisco Bay Area recognizes that the development of new commercial real estate projects is booming. According to various industry sources, construction starts in Santa Clara, San Mateo and San Francisco Counties alone have risen from $606 million in 2011 to $742 million in 2012, with projections of close to $1 billion for 2013.

Although there are many theories for why commercial development has exploded in the region, there is no doubt that one of the primary driving forces is the increase in pending and planned infrastructure projects.

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