Office boom past its peak, but still up

摘要

The surge in office development is ebbing, but office construction spending will expand 12% in both 2008 and 2009, on top of 19% gains experienced in the previous two years. While the value of office construction starts is up 27% year-to-date through October, monthly starts during the last four months have fallen below the late 2006/early 2007 peak.