2018 Retail Construction Starts
- Apr 18, 2018
2017 top 10 metro areas for retail building construction starts; $ in millions
Data by Robert Murray, chief economist, Dodge Data & Analytics
The top 10 metropolitan areas for retail building construction starts mostly registered declines in 2017, with only three markets displaying increased activity compared to 2016. The Bridgeport-Stamford-Norwalk, Conn. metro was the leading market, posting the largest growth of 1577.0 percent, from $34 million to $567 million. The Miami-Fort Lauderdale-Miami Beach, Fla. metro followed suite, with a 116.0 percent increase, from $448 million to $967 million year-over-year.
On the other end of the spectrum, store construction starts inched down by 48.0 percent in the Los Angeles-Long Beach-Santa Ana, Calif., metro area, from $1.2 billion to $615 million. The New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa., metro area also recorded sharp declines, with construction starts dropping 30.0 percent, from $1.7 billion in 2016 to $1.2 billion in 2017.
—Posted on April 18, 2018