Bay Area is now the most expensive place to build

According to a recent report by the British consulting firm Turner & Townsend, the Bay Area has just topped the list of most expensive metros in the world for construction. Yes, you read that correctly – in the entire WORLD. Many of us in real estate have noticed this for months. The shortage of available contractors has created higher bids, longer turn times and less reliable work. And with the Bay Area economy expanding at a rapid pace, I think we’ll have this new found title for quite some time. You can read the full article here and read Turner & Townsend’s report here.