San Diego was one of the slowest markets to recover from the recession, but it is finally getting back up to speed by green-lighting projects that have been on hold for quite some time.
The recovery, as far as the state of California goes, started in San Francisco, moved south to Los Angeles, and is now hitting hard in San Diego. Many construction firms are now seeing a push back into the private sector with the commercial lending industry becoming active yet again, after being dormant for nearly a decade. They report seeing projects that were tossed aside and scrapped back in 2007-08 being dusted off and under construction.
Another trend that is on the rise is the method of design/build in the delivery method. This kind of design is a much more collaborative design and construction process that involves input from owners, doctors, and the patients.
Tourism also took a nosedive after the recession, but it seems to be on the upswing. Renovation of existing hotels is a good indication of this because companies are willing to invest in tourism once more.
The healthcare construction seems to be moving in a different direction than it has in the years past. Instead of focusing on these large, centralized hospitals, the industry is moving into smaller communities because they feel that these investments are worth the money in this post-recession world. And delivering medical help to families in communities
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