with steel prices what they are, the 20 mil will go a LOT further than it did 5 years ago too.
This is true. It's about half the price it was a year and a half ago. Not to mention contractor bidding is a good 2-3% down from where it was. My last project was built for half the price it would have been 2 years ago. HALF. Which is why it boggles my mind that more people aren't building.
My industry newsletter said that it is supposed to go back up next quarter. Still the best time to build though.
We are bidding things tighter than ever before. Def the best time to build anything.
People built too much the last 5 years, there's nothing/no one to put in any of the buildings just completed (or incomplete), let alone fill a new building.
this should help explain why prices were high, and are now low
