“Retail construction is on the rebound” – Matthew Mabie
With light emerging at the end of the COVID-19 tunnel thanks to the rollout of a vaccine, general contractors are confident of an uptick in business activity in 2021 following a year in which many projects were put on hold.
General contractors are largely optimistic about the prospects for business growth in 2021. Mabie anticipates that Knoebel Construction will complete in excess of $100 million in projects in fiscal 2021, with “above-average” first and second quarters. (Knoebel’s fiscal year runs from Oct. 1 through Sept. 30.) Knoebel has a significant backlog of work since several projects that were put on hold as a result of COVID-19 are now moving forward, according to Mabie.
Across the Midwest, Knoebel expects to build approximately 15 automotive service and retail projects, eight veterinary centers, three gyms, four dental offices, 16 quick-service restaurants and four fast-casual restaurants.