By Haley Crimmins on April 13th, 2020
Amid the growing challenges and uncertainty due to the global COVID-19 pandemic, it’s worth shedding light on construction activity in markets throughout the U.S. Construction projects are halting, many because of state and local government rules. So which markets will feel the greatest impact from stalled construction in the coming months?
The ratio of capital committed in construction versus existing assets can signal overbuilding. In today’s climate, it can also highlight hot spots for distress and potential opportunistic investments.
The Boroughs of New York City had the second highest level of construction activity over the last 12 months with $12.1 billion of capital committed – more than half of its total investment market. Dallas had the highest level of activity at $12.6 billion, but construction there comprised less than a third of total capital committed.
RCA has comprehensive development data for the U.S., tracking when land is acquired and financing secured, through to the subsequent refinance or sale of the completed property. If you are interested to learn more, contact us.
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