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Commercial Real Estate Construction Forecast to Slow in 2023

Friday, Dec 02 2022
Commercial Lending
Written by  The Mortgage Leader

Construction starts for commercial real estate are poised to decline an inflation-adjusted 13% next year, according to the 2023 Dodge Construction Outlook. So reports Construction Dive.

new year g6a90f8ff7 640The office, warehouse, hotel and retail spaces are set to lag overall construction activity in 2013, the study projects.

Dodge economist Richard Branch told the news service that data center construction is one area that will continue bustling, despite tech-sector layoffs.

Read the full article from Construction Dive.

 

 

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