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Retail Construction Drops to 20-Year Low

A report by Moody's Analytics Real Estate Information Services predicts prolonged constructin delays in the apartment, retail and office sectors based on a comparison to the Great Recession of 2008.

Retail construction sunk to a two-decade low in the first quarter of 2020, with just 400,000 square feet completed in 80 metro areas, according to a report from Moody’s Analytics Real Estate Information Services.

The retail figures were down 70% from the fourth quarter of 2019 and represented the lowest numbers since Moody’s started collecting the data in 1999.

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Cheryl Miller

Cheryl Miller

Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts

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