Construction activity expected to grow in 2016, but the ascent will be slower.
2015 was a remarkable year for post-recession construction activity. The construction industry took one of the hardest-hits in 2009-2010, and has been slow to bounce back and rebuild their business activity – until 2015.
- Office space under construction peaked at 92.8 m.s.f.
- Philadelphia was at 3.2 m.s.f. in Q4 2015
- Construction costs increased in primary office markets, driven by skyrocketing labor … Read More