A Dodge analysis of the largest markets for commercial and multifamily construction by dollar value shows the 10 biggest negative percentage changes in starts compared to last year.
Conversely, commercial and multifamily construction starts in Phoenix bucked the national trend, posting an 82% increase to $2.8 billion during the first half of 2020 relative to the same time frame in 2019. The increase was fueled by the start of some sizable projects, most notably the $300 million Pier 202 mixed-use building and the $125 million Adeline Residences at Collier Center, both in Tempe, the $200 million 100 Mill Ave office development and the $115 million Park 303 warehouse building.
