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The Benchmark Developments on the East Coast

August 1, 2017

All around the United States, particularly in big cities, there is rampant construction as capital flows into large urban areas. Q1 and Q2 2017 have revealed construction of 40 million square feet of office development. At this pace, new office space will, for this fiscal year, will be more than this past year’s construction of 76 million square feet and already more new space than all of 2015. Keith Knutsson of Integrale Advisors claims, “current market indicators point to commercial real estate remaining on a strong path for investors in 2017.” On the East coast, Washington D.C., New York City and Boston all have significant high-rise developments in large downtown markets.  Read More...

 

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