An influx of cash for commercial real estate means more projects, and ultimately more jobs. New apartments are a particularly strong segment of new construction. And while construction jobs are expected to recover—it will be slow. About 1/3 of construction jobs disappeared during the Great Recession.
In Eugene, commercial construction is more active than residential. For example, construction is ongoing on the new $12 million, 69-room boutique hotel at the 5th Street Public Market.