Tag: Slowdown
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Healthcare construction bucks broader building slowdown
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Economic uncertainty has slowed construction momentum across many nonresidential sectors. But for healthcare projects, developers have not shown signs of a pullback, according to Robins & Morton, a Birmingham, Alabama-based construction firm. That’s one of the takeaways…
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Development Slowdown & Vacancy Shifts Reshape Sector 2025
Industrial development is settling into a more measured pace after years of rapid expansion, according to our latest industrial report. In 2024, construction starts dropped to 236 million square feet, a 35% decline from 2023 and over 60% from 2022. Vacancy rates are expected to stabilize before ticking down by mid-2025, while the development slowdown is likely to continue. …