April 18, 2024 2:28 pm
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Phoenix consultancy: Apartment boom, measured in construction cranes

In all, 33% of all cranes in the 12 U.S. cities observed were dedicated to residential projects, according to a recent survey. /PHOTO: GETTY IMAGES

Of 12 major U.S. metro areas, Chicago has the most cranes working on residential construction projects. Seattle comes in second.

By Stephanos Chen | The Wall Street Journal

Sightseers in Chicago should keep their eyes open for cranes—the towering, metal kind.

The Windy City has more cranes for residential projects currently dotting its skyline than 11 other major U.S. cities, according to the Crane Index, a biannual survey of crane activity by Rider Levett Bucknall North America, a Phoenix-based construction consultancy.

As of November, Chicago had 56 construction cranes at work, 31 of which were being used for residential buildings, the survey found. Seattle had the second most residential cranes at 23, followed by Denver, with 10.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.