{"id":1004169628,"date":"2017-03-16T12:26:40","date_gmt":"2017-03-16T20:26:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169628"},"modified":"2022-12-07T22:03:39","modified_gmt":"2022-12-08T06:03:39","slug":"development-8","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/development-8\/","title":{"rendered":"Development"},"content":{"rendered":"<h2>Change in U.S. commercial real estate under construction<\/h2>\n<div id=\"attachment_1004169617\" style=\"width: 460px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004169617\" data-attachment-id=\"1004169617\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/development-8\/417_costar\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"417_CoStar\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: CoStar Group Inc.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png?w=800\" class=\"wp-image-1004169617\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png\" alt=\"Source: CoStar Group Inc.\" width=\"450\" height=\"338\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png?resize=768,576 768w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><p id=\"caption-attachment-1004169617\" class=\"wp-caption-text\">Source: CoStar Group Inc.<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>For all property types, new development (on a square foot basis) decreased compared to February 2016. Industrial construction fell 29 percent, followed closely by office (-28 percent) and retail (-19 percent). Month-over-month, the amount of industrial under construction decreased by 20 percent, while the amount of office construction decreased by 10 percent. Industrial construction peaked in February 2015 at 153.6 million square feet, but the sector experienced a 53 percent decline the following year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Month-over-month, the amount of industrial under construction decreased by 20 percent, while the amount of office construction decreased by 10 percent. <\/p>\n","protected":false},"author":749,"featured_media":1004169617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37750],"tags":[],"class_list":["post-1004169628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Development - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/development-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development\" \/>\n<meta property=\"og:description\" content=\"Month-over-month, the amount of industrial under construction decreased by 20 percent, while the amount of office construction decreased by 10 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/development-8\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-16T20:26:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/417_CoStar.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michelle Matteson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/\"},\"author\":{\"name\":\"Michelle Matteson\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ce63156240559ff77c3e312e47502b33\"},\"headline\":\"Development\",\"datePublished\":\"2017-03-16T20:26:40+00:00\",\"dateModified\":\"2022-12-08T06:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/\"},\"wordCount\":98,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/03\\\/417_CoStar.png\",\"articleSection\":[\"Development (Research Center)\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/development-8\\\/\",\"name\":\"Development - 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