Home / Columns and Features / Real estate development builds momentum locally

Real estate development builds momentum locally

Real estate development is providing a major boost to the Rochester area economy.  Adjusted for inflation, output at local construction and real estate rental and leasing firms has increased by $1.2 billion, or 22.4 percent, since 2007—nearly four times the 5.8 percent average gain for all U.S. metropolitan areas over this period (Figure 1). Rochester’s growth ...
x

Check Also

An $8.2 million recapitalization of Hickey Freeman will create a new product line and add 80 jobs to the Rochester workforce (photo by Kevin Oklobzija).

Hickey Freeman, with state investment of $4M, adding 80 jobs, new apparel brand (access required)

Hickey Freeman, the iconic Rochester men's clothier, received an $8.2 million birthday present on Wednesday that company executives and government ...

Nano Rosetta pieces to be on board the SpaceIL rover.

A tiny slice of Rochester is headed to the moon (access required)

At 8:45 p.m. tonight, SpaceX is scheduled to launch its 230-foot-tall Falcon 9 rocket from Cape Canaveral, Florida, to the ...