| Charts and Diagrams
Construction Spending 1995-2009
Construction spending reached a record $24.6 billion in 2006 and is expected to reach $26.2 billion by the end of 2007, $27.5 billion in 2008 and $29.0 billion in 2009, for a three year total of $83 billion.
Office Building Construction 2000-2009
In 2006, major office buildings under construction accounted for about 67% of the City’s
total office development; 9 major office buildings were constructed in 2006, 6 buildings are
forecast for 2007, 9 more in 2008, and 10 are anticipated to be under construction in 2009.
Residential Construction 1995-2009
The strong residential construction market, representing annual spending of more than $5 billion, is expected to continue through 2009. Residential spending is expected to produce more than 35,000 dwelling units in 2007.
Non-Residential Construction 1995-2009
Citywide non-residential construction, which is forecast to reach $9.5 billion in 2008 and $11.2 billion in 2009, includes sports and entertainment complexes, educational facilities, hospitals and other public use and commercial buildings.
Public Construction Spending 2001-2009
Public construction in the City reached $11.9 billion by year end 2006 and is expected to exceed $12 billion annually through 2009, if all planned spending occurs. The capital budget of the City of New York accounts for most of the strong outlook.
Construction Employment 1995-2009
Construction employment in New York City, which reached 116,600 jobs in 2006, is expected to reach 122,600 by the end of fiscal 2007, more than 126,700 in 2008, and top 130,000 by 2009.
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