X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
chi-construction crane (3) The 62nd construction crane in Chicago this year just went up on the future site of Belmont Village, a senior living facility on the Northwest Side.

CHICAGO—Builders throughout much of the nation struggled with higher construction costs in 2017. And many agree that an acute shortage of skilled labor was the chief culprit. The overall outlook for commercial real estate in 2018 remains positive, but that shortage will continue posing a threat to further growth.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.