Commercial real estate construction hasn't had a rebound in the first three quarters of this year despite upticks in other sectors of the economy, said a new report from Moody's Analytics.
"Completions are off from their recent averages a little over 20% in the multifamily and office markets, and closer to 80% in retail," Moody's said it has found.
For the fourth quarter, the expectation is there could be a bump on the way for multifamily, while retail and office activity are likely to remain subdued both in the near- and longer-term.
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