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American office construction falls to lowest level since 2011, Joseph Politano notes

American office construction falls to lowest level since 2011, Joseph Politano notes
U.S. office construction hits 2011 low

Joseph Politano reports that official data shows American office construction, adjusted for inflation, has declined to its lowest point since 2011.

According to Politano, office construction activity is now down nearly 60% since the onset of the pandemic and 15% over the past year.

Politano has recently highlighted a surge in U.S. data center construction spending, which reached over $68 billion annually with a 46% rise in the past year. In another article, he raised concerns about the publication of what appeared to be an AI-generated op-ed in the Wall Street Journal. These reports reflect ongoing coverage of shifts in U.S. commercial property and media sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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