While economic uncertainty is playing out across the nation and the construction industry as a whole, Austin’s momentum is still growing strong. JE Dunn leaders in the area told the Austin Business Journal they are prioritizing more resilient markets like public sector construction and data centers to keep pace with the Texas metro’s growth.
As private developments like office space and multi-family housing have slowed, demand for public sector updates has sped up, with JE Dunn redeveloping the Austin Convention Center, expanding the Austin-Bergstrom International Airport, and helping build the second phase of the Texas Facilities Commission’s Capital Complex. The public sector is expected to see up to $25 billion in mobility infrastructure updates in addition to school and city projects, according to the Austin Business Journal.
In addition to public sector work, JE Dunn Senior Vice President and Austin Office Leader Chuck Lipscomb says data centers are a huge area of opportunity for JE Dunn now and in the future. Lipscomb anticipates “incredible growth in the data center market for the next decade and beyond.”
Read more of Lipscomb’s insights into the Austin market in this Austin Business Journal article:
