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Mid-Market Construction Projects Show Significant Growth in NYC

While mid-market projects are increasing, that does not minimize the tremendous impact and market share large-scale projects maintain in New York City.

Carlo A. Scissura, president and CEO of the New York Building Congress Carlo A. Scissura, president and CEO of the New York Building Congress

NEW YORK CITY—While the mega-projects grab the biggest headlines and most attention, middle-market construction projects are becoming a significant contributor to the city’s economy.

In a report released today that reviewed construction starts data in New York City from 2013-2017, the New York Building Congress states that spending on mid-market projects rose 155% from 2013 to 2017, which was a greater increase than both the high- and low-market construction sectors enjoyed during that five-year span. In 2013, spending on mid-market projects totaled $1.1 billion and last year the sector topped $2.8 billion in value.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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