Five of the markets see increases, five decreases in the first half of the year.
By Symone Garvett | MFE
Half of the top 10 metropolitan markets for commercial and multifamily construction starts showed increased activity during the first six months of this year compared with a year ago, says Dodge Data & Analytics, while the other five metros registered decreases.
At the national level, the volume of starts during the first half of 2018 was $101.4 billion, down 1% from last year’s first half and 2% above what was reported for the first half of 2016.
The New York City metro held on to its top ranking, with $16.1 billion, constituting 16% of the U.S. commercial and multifamily total, helped by a 44% increase. The other top 10 markets showing growth during the first half of 2018 were Washington, D.C., with $5 billion, up 23%; Miami, with $4.9 billion, up 34%; Boston, with $3.7 billion, up 56%; and Seattle, at $3.2 billion, up 7%.
