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Office Construction Picks Up, but Still Lags Pre-Pandemic Pace

Project Starts Look To Post Modest Gains Nationally This Year
JPMorgan Chase’s new headquarters at 270 Park Ave. in Manhattan is expected to house up to 14,000 employees. (Andria Cheng/CoStar)
JPMorgan Chase’s new headquarters at 270 Park Ave. in Manhattan is expected to house up to 14,000 employees. (Andria Cheng/CoStar)

Office construction is picking up pace again but still has a long way to go before reaching pre-pandemic levels as many developers take a wait-and-see approach prior to breaking ground.

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