The Pulse | Q2 2024 Edition | Greater Boston Market

Long lead times for large switchgear packages and generators continue to challenge the construction industry in the Greater Boston area and beyond. Extended lead times for critical electrical equipment have been ongoing since the pandemic.

The Northeast construction market has slowed in the past year. With some exceptions, new developer starts are virtually on hold as large tenant activity / movement is lacking. Other macro factors are impacting commercial construction starts as well – increased vacancy rates, interest rates, and rising construction costs to name a few. On a positive note, we’re seeing the Medical and University / Academic sectors continue to invest in their facilities and infrastructure. This update is a snapshot of today and we implore you to reach out with questions should you have any.

Michael Weber / President  (781) 255-8881 mweber@gastonelectrical.com

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