Warehouse Starts and Job Site Spending Decline

 |  from Building Team Forecast Top Headlines

Warehouse construction spending has been stalled at a high level for more than a year after a surge in activity in 2004 to 2006, early in the economic expansion. Warehouse construction is tracking trends in the overall economy very closely. Reed Construction Data expects little if any decline in warehouse construction spending in 2008 because new facilities to consolidate distribution and renovations to reduce operating costs will offset any slack in total space demand.