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Overview 

With a population of 10 million, Michigan plays a big role in the U.S. economy. The state has a GDP of $600 billion, of which construction contributed $23 billion. There were 26,500 construction projects in Michigan in the first quarter of 2024. 

Major Projects and Growth Opportunities 

Manufacturing plays a big role in the state’s economy, with Detroit being a center for car production. Tech is growing in places such as Ann Arbor, which supports the growing tech industry. New hospitals and healthcare clinics are also being built to address an aging population. The finance sector has also grown in Michigan, often requiring the expansion of existing buildings and the addition of new banks and insurance centers. 

Sustainability and Infrastructure 

Michigan is investing in green energy, such as wind and solar power. The state is also working on better water use and cutting carbon emissions. Infrastructure updates include more public transit and more electric vehicle charging spots. Green, LEED-certified builders and suppliers will find a lot of opportunity in this sector in Michigan. 

Challenges 

Commercial construction professionals looking to operate in Michigan need to be aware of the unemployment rate, currently at 4.7%. Although the unemployment rate has decreased recently, it remains above the national average. This may make the ongoing labor shortages in the construction industry even more challenging to address. Environmental concerns, such as recent natural disasters and ongoing climate change, provide building opportunities and challenges for long-tail projects. 

Future Outlook 

Michigan's future has some positives and negatives. Growth is expected to continue but may slow down due to economic and climate problems. Green and smart policies will shape the future, but housing costs and climate risks must be addressed for long-term growth. 

WPP Michigan CHART_20241118.01

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Top 50 Cities in Michigan

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