Nonresidential construction continues to lead construction spending in New York City, said Esposito. The federal government’s investment in infrastructure, along with resilient sectors such as healthcare, life sciences, manufacturing, data centers and transportation, will continue to create opportunities, he said.
Spending within the category will reach an estimated $34.9 billion by the end of the year, fueled by extensive investment in government buildings, manufacturing, warehouses, life science laboratories, recreational facilities, hotels, retail and education.
