Construction commodity prices rising

Hikes in the cost of lumber, copper and other necessary materials could result in higher rents and prices in 2021

  • By Kevin McQuaid
  • | 6:00 a.m. January 15, 2021
COURTESY PHOTO — Construction projects such as the $500 million Midtown Tampa project, pictured, could be impacted by commodity price increases in 2021.
COURTESY PHOTO — Construction projects such as the $500 million Midtown Tampa project, pictured, could be impacted by commodity price increases in 2021.
  • Commercial Real Estate
  • Share

Construction largely survived and even thrived during the pandemic along the Gulf Coast last year, but rising construction commodity prices threaten to put a crimp on profit margins, hike rents and even postpone some projects in 2021.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 21, 2026
Clearwater office building sells to local firm for $5.3M
  • March 21, 2026
One year in, growing St. Pete insurer posts $2M profit
  • March 20, 2026
$10.25M Naples bayfront penthouse heads to auction
  • March 20, 2026
Bentley dealership opens in downtown Sarasota

Sponsored Content