{"id":1004731263,"date":"2024-10-08T14:00:00","date_gmt":"2024-10-08T22:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004731263"},"modified":"2024-10-15T06:02:41","modified_gmt":"2024-10-15T14:02:41","slug":"industrial-construction-starts-decrease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/","title":{"rendered":"Industrial Construction Starts Decrease"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004731411\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/1024_cpe_commedge_industrial_updated\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg\" 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=\"1024_CPE_CommEdge_Industrial_Updated\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg\" alt=\"\" class=\"wp-image-1004731411\" style=\"width:550px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial_Updated.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: CommercialEdge<\/figcaption><\/figure><\/div>\n\n\n<p>In the third quarter of 2024, industrial construction starts saw a decline compared to the previous quarter, with total square footage clocking in at 15.1 million, according to CommercialEdge data. This marks a decrease of 75.3 percent, or 46.1 million square feet, from the second quarter&#8217;s total of 61.1 million square feet. <\/p>\n\n\n\n<p>Similarly, when comparing the third quarter of the year to the first quarter, there was a notable decline of 46.3 million square feet from the first quarter&#8217;s total of 61.4 million square feet. This quarter-over-quarter drop underscores ongoing uncertainties in the commercial real estate sector, as firms may be hesitant to commit to new projects <a href=\"https:\/\/www.commercialsearch.com\/news\/construction-costs-continue-to-rise-in-2024\/\">amid fluctuating economic conditions<\/a>.<\/p>\n\n\n\n<p>In September 2024, industrial construction starts totaled 659,702 square feet, marking a large decrease compared to September 2023&#8217;s volume of 26 million square feet. Additionally, this year&#8217;s figures indicate a decline of approximately 86 percent from September 2022, when 4.7 million square feet of new space broke ground.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read CommercialEdge&#8217;s latest update on this key metric.<\/p>\n","protected":false},"author":1269,"featured_media":1004731264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,37749],"tags":[50674],"class_list":["post-1004731263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-research-center-cpe","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial Construction Starts Decrease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Industrial construction starts recorded a 97.5 percent drop year-over-year in September, according to CommercialEdge.\" \/>\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\/industrial-construction-starts-decrease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Construction Starts Decrease\" \/>\n<meta property=\"og:description\" content=\"Industrial construction starts recorded a 97.5 percent drop year-over-year in September, according to CommercialEdge.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/\" \/>\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=\"2024-10-08T22:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-15T14:02:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial.jpg\" \/>\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\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/\",\"name\":\"Industrial Construction Starts Decrease - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial.jpg\",\"datePublished\":\"2024-10-08T22:00:00+00:00\",\"dateModified\":\"2024-10-15T14:02:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"description\":\"Industrial construction starts recorded a 97.5 percent drop year-over-year in September, according to CommercialEdge.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-construction-starts-decrease\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/1024_CPE_CommEdge_Industrial.jpg\",\"width\":800,\"height\":600,\"caption\":\"1. 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