Construction’s Effect On Commercial Real Estate
As in any industry, a product’s availability causes a natural friction between cause and effect within their market. For commercial real estate, the amount of office space, both available and occupied, can cause lease rates and occupancy percentages to fluctuate. Over the past year, construction has had a dramatic drop nation wide. With only 56 million square feet of development during 2011, construction development has shown to be at the lowest level of construction for office space since 1960 (reported by McGraw-Hill Construction). Some of the targeted variables for the decrease of construction were highlighted by The Wall Street Journal earlier this month. Such details





