ARTICLE
Full-year nonresidential construction volume in 2020 is expected to decline 10% to 15% from 2019 due to a combination of pandemic-induced shutdowns and decreased demand for new projects in market sectors such as retail, entertainment and offices, according to JLL. Average overall construction costs will decline for the first time in a decade due to a combination of more aggressive bidding, flat labor costs and temporarily lower materials prices, JLL says. Click here to read the full story.