For the nonresidential construction sector, October 2024 marked a challenging period defined by a downward turn in spending, influenced by unexpected natural disasters. The Associated Builders and Contractors (ABC) conducted an analysis of recent U.S. Census Bureau data, revealing that
The Phoenix office market, a prominent player in the real estate sector, has experienced a variety of trends and changes throughout the year, reflecting broader national patterns in office space development, investment, and usage. The year saw a palpable slowdown in construction activity within the
The construction industry in the United States, contributing approximately 4.4% to the U.S. GDP and tied to about $2.2 trillion in annual spending, is undergoing a significant digital transformation. This shift is driven by the need for improved efficiency, particularly in capital-intensive
Small businesses in Washington state face significant challenges when it comes to purchasing commercial real estate, often hindering their potential for expansion and economic contribution. To tackle this problem, the Washington Department of Commerce is now administering a groundbreaking $26
Tucson is taking an innovative approach to address its affordable housing crisis by repurposing old commercial buildings. This strategy aims to transform unused and often neglected structures into livable spaces for individuals and families in need of affordable housing options. This initiative
In a region still grappling with the devastating aftermath of the 2022 floods, the urgent need for affordable and secure housing has never been more pressing. This urgency has risen in East Lismore, as illustrated by Landcom's recent approval of a $30 million project to build 50 build-to-rent
