Challenges in OC’s Construction Sector

Holcomb: “Having a complete quality set of construction documents is a vital key in overcoming the workforce challenges.”

ORANGE COUNTY, CA—The ever-shrinking labor pool has been an ongoing challenge since the recession recovery began and one that threatens the growth of the construction sector in the Orange County market, JLL SVP Greg Holcomb tells GlobeSt.com. A recent report from the firm shows that the labor demands and the availability of a sufficient work force remain the biggest challenges and impacts to this market. We continue to see the costs remaining high and growing.

In addition, the report shows that the availability of subcontractors continues to be a problem, so there are fewer bidders, less budgeting support and more schedule impacts. Also, the commercial real estate construction industry is currently revolving at a very high pace, which is likely to be unsustainable. When equilibrium is found and volumes adjust, demands will still be present and business will remain strong.