NEW YORK CITY — New construction starts increased 8 percent across the U.S. commercial real estate industry in 2015 with the multifamily sector leading the way, according to a report by New York-based data firm Dodge Data & Analytics.
The national total was $162.7 billion in new starts for the office, retail, hotel, warehouse, garage and multifamily sectors, up from $150.3 billion in 2014. Most property sectors “held steady,” according to the report, while multifamily’s 18 percent spike caused the bulk of the increase.
[caption id="attachment_148479" align="alignleft" width="300"] Click to see the top 20 MSAs for new construction starts in 2015.[/caption]
By location, the New York City metropolitan statistical area..