Economic Indicators and Current Events
Forbes names Utah "Best for Business"
Forbes just announced Utah as the #1 States to do Business. Check out the article HERE. Utah is the place to be whether it be for business relocation, expansion, or investment opportunities.
Meldrum House Featured on KSL News
Bonneville Builders was responsible for the renovation and remodel of the Meldrum House located by the University of Utah. The building originally constructed in 1907, is a historic landmark that had been deteriorating throughout the years. It is now a comfortable place to stay for the actors of the Pioneer Theater Company and visiting professors.
Subcontractor Availability Results In Reduced Costs Making For An Ideal Time To Build
The current commercial construction climate along the Wasatch Front remains strong however is restrained by the availability of both construction and long term financing. Most projects moving forward either have substantial preleasing or investment capital. With this slowdown in commercial construction activity, subcontractor's capacities have increased and are resulting in lower costs to the owner. Material costs remain stable with slight decreases in steel pricing. Lumber costs remain at a 20 year low and therefore is a preferred material of choice. Expect these conditions to continue until credit conditions improve.
Commercial construction is an intricate process. Please contact us if you have any questions or may like to receive some numbers to help make your decision easier.