2019 was another big year for Oregon demolition contractors, with nearly 2.7 million square feet of industrial buildings completed or under construction in the year. The new year is shaping to be just as productive for construction and demolition companies, with an additional 3.9 million square feet in various stages of planning indicating continuing growth in the new year.
However, as new shovel-ready land becomes more scarce due to the limited supply of land, the pace of construction may slow. As Portland continues to grow, restrictions on construction that come with the Portland region’s urban growth boundary and the natural geographic limitations of the area will impact new projects.
Will There Be a Slow Down?
Despite predictions that 2020 will bring an economic slowdown, the economy holds strong, growing at a steady rate of 2% in 2018 and continuing growth of 3%.
Many economists think that not much will change, with 2019’s growth being consistent with 2018. Some, however, are concerned that the unemployment rate has hovered at 4.5% for a few years and that often signals an impending slowdown.
Despite any predicted slowdown or recession, construction and demolition companies in Portland should expect to remain busy as the demand for new industrial space continues to grow.
2020 a Year of Growth for Industrial Demolition
Despite the possible slow down due to physical limitations and zoning laws, 2020 promises to be a boom year for Portland industrial demolition contractors. As space becomes a premium more projects will be focused on repurposing existing structures in order to fit the needs of the developer.
The demand for industrial square footage won’t go away, so many developers are looking into properties that require a complete change of use or even properties topography challenges. Due to the lack of available land, construction costs will increase with lease rates climbing to record highs. This will make redevelopment a key part of the business of any demolition and reconstruction company in Portland.
Our industrial demolition company in Portland manage the entire demolition process, from the initial salvage of building materials to the groundbreaking ceremony. Our precision and excellent service have made us a leader in the industry.
We provide such services as hazardous waste handling and removal, including waste like asbestos and lead, dust control, air pollution control, construction debris recycling and we specialize in atypical structures that need demolishing.
Your Industrial Demolition Asset Recovery Partner
One way to stay recession-proof is to follow Elder Demolition’s lead and specialize in asset recovery. Asset recovery is a practical and proven method of recovering still usable building materials from a demolition site and then reclaiming them for use in other projects.
Not only is this environmentally friendly but it is cost-effective too. With asset recovery, you can prevent some of the 136 million tons of trash that come from the demolition industry from entering the landfill. By choosing a demolition company that prioritizes green demolition, like Elder Demolition, you can positively influence climate change.
Salvageable materials include:
- Metals, like copper, steel, and aluminum
- Pipes
- Windows
- Doors
- Flooring
- Structural Beams
- Drywall
- Concrete
- And more
The added bonus to diverting tons of waste from the landfill is the opportunity to sell those materials and partially or potentially fully offset the costs of construction. Scrap metal, for example, is a high-value salvage. At Elder Demolition, we will even buy the metal from you or help you sell it.
Another valuable asset often overlooked is concrete. Elder crushes the concrete into the grave, which can then be used for embankments, roads, landscaping or pipe bedding. By crushing the gravel on-site we remove the carbon that is generated by taking it to a processing center or landfill.
Elder Demolition’s asset recovery and green demolition services are financially beneficial to any project. In the beginning stages of your project, asset recovery specialists review every inch of your site for recovery opportunities and create a custom plan.
Contact us today to request a consultation to learn more about the value of the materials at your site.