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Warehouse surge drives construction planning higher

November 7, 2023

Martin said last month that lingering high interest rates, supply chain snarls and tighter lending standards are likely to continue to weigh on the commercial segment, such as office, retail and warehouse projects.

So, while improvements in warehouse planning pushed the overall commercial component to rise 2% in October, concerns remain around the segment’s outlook. Year over year, the DMI for the commercial segment remains down 14%, according to Dodge.

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