By: Shawn McAvinue
The outlook for the commercial construction sector in Dunedin looks ‘‘healthy’’ as more consents spur a ‘‘steady pipeline of work’’.
The latest Infometrics quarterly economic monitor, to March 2019, was released this week, showing nonresidential consents — including the construction of new commercial buildings — were up 17.5% in Dunedin for the year to end of March, compared with 7.6% nationally.
The data, sourced from Statistics New Zealand, represents $84 million worth of non-residential building activity across the city.
Infometrics senior economist Nick Brunsdon said the ‘‘steady pipeline of work’’ could pose challenges for contractors, raising concerns about whether they were capable of delivering all of the required work.
‘‘Although consent values continue to rise, capacity pressures remain, and we are concerned over the subindustry’s ability to convert these consents into completed work.’’
Dunedin commercial construction company Naylor Love was delivering some of the work in the city.
Naylor Love regional manager Jason Tutty, of Dunedin, said the work includes simultaneously running three large commercial building projects for the University of Otago in Dunedin.
At any one time, up to 100 staff could be on site, building a new studio facility for the School of Music on the University of Otago campus in North Dunedin.
Read more >> https://www.odt.co.nz/news/dunedin/dunedin-construction-outlook-%E2%80%98healthy%E2%80%99
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