Modern Healthcare reporter Andis Robeznieks, based in Chicago, covers healthcare construction, among other sectors, for the magazine.
Healthcare construction was strong in 2008, setting a monthly record in June when new healthcare construction contracts totaled a record $2.7 billion. But this year, healthcare construction is expected to pull back, though not as much as in other segments such as retail and residential.
Experts in the field see healthcare construction dropping by 5% to 8% from 2008 levels as more projects are delayed or downsized for economic reasons. Cancellations of projects already under way are still expected to be rare.
To learn more, please view the accompanying video or read Modern Healthcare’s Jan. 5 business outlook Special Report either in print or online.