Office Construction To Soar In 2017. Here’s Why.

Construction Workers

Office construction is expected to soar this year as companies work to attract new employees in robust areas of the country.

That’s according to the 2017 Dodge Construction Outlook from Dodge Data & Analytics, which said construction starts will increase 10% in 2017 to add 10M SF more space than last year, Construction Dive reports. Construction activity isn’t expected to grow equally across the country, with firms honing in on vibrant downtown districts in cities like NYC, San Francisco and Chicago, but also building out in smaller cities like Nashville, Tenn., and Raleigh, N.C.

Experts are also watching Millennials, expecting them to increasingly move to the suburbs as they age and begin starting families. [CD]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Interest Rate Hike Douses Outlook For Atlanta Developers

The Bridge-To-Bridge Bet Is Holding Off CRE's 'Day Of Reckoning' — For Now

Augmentation, Not Replacement: How AI Platforms Are Streamlining Front Desk Teams

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

HUD Launches Investigation Into Wells Fargo's Efforts To Support Black Homeownership

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Bank OZK Shares Drop After Citi Flags $915M Mortgage Concern

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Activist Investor Buys Stake In Empire State Building Owner

Soaring Yields Strand REITs In M&A No-Man's-Land