Commercial Real Estate Downturn to Slow Construction Starts in 2023
December 01, 2022
Total U.S. construction starts will drop 3% when adjusted for inflation to clock in at $1.08 trillion next year, according to the 2023 Dodge Construction Outlook. The report pegs commercial starts, such as retail, office, warehouse and hotel projects, to fall 13% in 2023 when adjusted for inflation, led by pullbacks in the warehouse and office sectors.
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