The top 10 metropolitan areas accounted for 40% of all commercial and multifamily starts in the U.S., up from 37% in 2021, according to the report. Commercial and multifamily starts consist of office, stores, hotels, warehouses, commercial garages and multifamily housing.
Increased demand for data centers and retail projects largely fueled growth on the commercial side. Meanwhile, strong demand for apartments and condos boosted start activity in the multifamily sector, according to Dodge.
