How Phoenix stacks up in construction value

By Corina Vanek | Phoenix Business Journal

A handful of major commercial development projects that began construction in the first half of 2020 propelled Phoenix to be one of only two major U.S. metros to see an increase in the value of construction starts, despite the coronavirus pandemic. 

Phoenix had $2.8 billion worth of commercial and multifamily developments begin construction in the first half of the year, an 82% increase relative to the same time last year, according to a study done by Dodge Data & Analytics. 

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