For the first time in 2020, the commercial real estate market has shown an increase in momentum, with the number of planned projects on the rise.
The Dodge Momentum Index rose 3.4% in July to 124.7, up from 120.5 in June. The monthly index, issued by Dodge Data & Analytics, measures the first report of a nonresidential building project in planning, serving as an indicator of construction spending for the full year.
The growth in July was led by the commercial sector, which saw an increase of 5.3% in planned projects, while the institutional component of the index remained unchanged.
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