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New York Faces Slowdown in Construction Starts of Industrial Properties

Constructions Starts on Pace To Register Less than 10 Million Square Feet This Year
The slowdown in industrial tenant demand coupled with interest rate increases over the past year have caused some developers to temporarily hit the pause button. (CoStar)
The slowdown in industrial tenant demand coupled with interest rate increases over the past year have caused some developers to temporarily hit the pause button. (CoStar)
CoStar Analytics
October 11, 2023 | 8:16 P.M.

The construction landscape in New York is slowing, with fewer construction starts taking place in 2023 compared with recent years.

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