Reasons being? Too many projects and too many workers retiring.
Companies are therefore doing all they can to woo workers, including offering six digit salaries. For example, one company offered close to $200,000 while another offered in the mid-$100,000s with a promise to increase pay after the first six to eight months.
The demand for construction management jobs is predicted to continue at this pace for the next five years, which contrasts greatly to "the overall construction picture," says an article in The New York Times. Nationally, over the last 12 months, there has been a decline of 90,000 construction jobs, according to the Labor Department's records.
However, what happens after the next five years in New York City is "anyone's game."
"There are a lot of guys trying to move because they want that bump in salary," said David Cone-Gorham, New York regional director for Construction Recruiters. "In reality, everyone knows this market ebbs and flows. There are companies who will overpay, but they may be newer on the block or less reputable."