NYBC Retail Report April 2019 cover
NEW YORK CITY—The New York Building Congress Construction Outlook Update April 2019 for Retail published the following findings:
Across the US, retail construction grew moderately in 2012 and 2013 before slowing down from 2014 to 2016. Retail construction declined 5% in 2017 and experienced a dramatic 21% drop in 2018. The professional real estate and construction organization attributed this to the glut in retail space built during the last decade as well as the growth of e-commerce.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
