Florida Commercial Construction

The Northeast Florida commercial construction market was hit hard in 2008 with a 17% drop in new construction and things predicted to worsen.
"Where is the bottom?" said Dan Downey, regional publisher for McGraw-Hill Construction, which compiles reports on the industry. "That's what everybody wants to know."Overall, nonresidential construction in 2008 totaled an estimated $1.28 billion for the Jacksonville area, which was a 17 percent decline from the previous year, according to McGraw-Hill. The outlook for 2009 is a further decline of 9 percent.
What does this mean for the Florida market? Hopefully the decrease in commercial construction is offset by Obama's stimulus plan but for now I suppose we shall wait and see.

http://www.jacksonville.com/business/2009-01-11/commercial_construction_where_is_the_bottom