2018 Office Check-In: Top U.S. markets for development, largest projects of the year

We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and found that NYC, San Francisco, Plano, Cupertino, and Atlanta had the busiest delivery schedules for new office projects. In December 2017, we analyzed what markets would welcome the most new office space in 2018, and it looked like suburban construction would drive the 2018 office pipeline.

This year, tariffs imposed on steel and aluminum have already caused some reconsideration of planned construction projects. Uncertainty regarding how the commercial real estate industry will work around changes in building costs makes it difficult to draw reliable longer term pipeline estimates, at present. We can, however, look at office projects that either were completed since the start of January, or are nearing completion, with a set delivery date before the end of this coming December. 

Click to read more on www.bostonrealestatetimes.com .