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Report shows Milwaukee costs are under national average, but the gap is shrinking. By Jeramey Jannene - Mar 4th, 2021 09:34 am //end headline wrapper ?>Diercks Hall construction. Photo by Jeramey Jannene.
Construction costs and total industry employment will continue to grow in 2021.
That’s according to a new report from general contractor Mortenson Construction. The company, which has offices across the country, is one of the largest contractors operating in the Milwaukee market.
The onset of the COVID-19 pandemic didn’t cause overall prices to drop in construction costs, though it did alter the price of many components.
Non-residential construction prices in Milwaukee increased 2.6% in 2020. In mid-2020, Mortenson thought there was a possible decrease coming.