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Office Projects Make Up More Than Half of All NYC Commercial Construction

Commercial construction totaled $23.8 billion between 2013 and 2017, yielding a total of more than 73 million new square feet of space. The last three years showed the strongest growth, with each year topping $5 billion and 16 million square feet of new commercial construction.

Carlo A. Scissura, president and CEO of the New York Building Congress Carlo A. Scissura, president and CEO of the New York Building Congress

NEW YORK CITY—Office building construction over the past three years has dominated the building sector in New York City, accounting for 54% of all commercial construction during that period.

The New York Building Congress in a report released today notes that in the last three years new office construction reached a record high, each year exceeding $2 billion in construction starts, bolstered by new development in Hudson Yards and the World Trade Center.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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