Spending on commercial real estate construction activity around the Bay Area this year is expected to top the record $6 billion mark set in 2000 and could reach as high as $6.7 billion by the end of 2013.
The Bay Area County with the most commercial construction activity is currently Santa Clara County which should cross the $2.1 billion mark by the end of the year, a total which doesn’t include the $1.3 billion Levi’s Stadium project for the San Francisco 49ers.
Behind Santa Clara, San Francisco County should just miss the $2 billion mark which would be higher than in 2011 and 2012 but below the spending in 2010.
And at a projected $765 million in 2013, spending on commercial real estate construction in San Mateo County should be six times the amount in 2012 while the projected $681 million to be spent across Alameda and Contra Costa Counties in 2013 would be the lowest in five years.

Comments from Plugged-In Readers

  1. Posted by The Milkshake of Despair

    If SF is a close second to Santa Clara Co., that says a lot. There’s a big construction boom going in Silicon Valley right now. And of course the land area of SF is a lot smaller.

  2. Posted by mwsf

    Not only a smaller land area but less than half the population…

  3. Posted by Joshua Santos

    Keep in mind it is much cheaper to build in Santa Clara County, so that means the gap is probably huge in terms of square footage.

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