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Office, industrial construction to rise in 2018 and 2019

January 30, 2018

Data earlier this month from Cushman & Wakefield aligns with the AIA’s forecast for an upcoming office boom. According to Cushman & Wakefield, Manhattan will see more than 12 million square feet of new office space come online during the next two years, the most new stock of any two-year period since 1985 and 1986 — and that expansion is expected to continue through next year. Beyond 2018 and 2019, more than 22 million square feet of new office space will become available during the next five years.

The U.S. is still waiting for President Donald Trump to unveil official details about his now $1.7 trillion infrastructure program.

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