Wednesday, December 1, 2021 12:08 pm

Despite increasing costs, Phoenix continues to see ‘explosive’ construction growth

By Corina Vanek | Phoenix Business Journal

While the total number of construction cranes over downtown Phoenix decreased from the end of the first quarter to the end of the third, the count is not indicative of the “explosive growth” other areas of the Valley are experiencing, one expert said.

Only two construction cranes towered over central Phoenix at the end of the third quarter, according to the Rider Levett Bucknall crane index, which is done twice a year. However, the count only includes a six-mile radius from Central Avenue and Washington Street.

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