"We have shied away from projects that are four or five years in length just because we don't know where the economy will stand at the end of the project."
While a number of developments have stalled, and some have been canceled, many not-yet-completed real estate construction projects will still go forward, although likely at a slower pace, according to Moody's Analytics.
Contributing to the pessimism could be the increase in number of reported coronavirus cases in the country, delays in development and obtaining permits, delays in financing, and supply shortages
Dermody says advanced manufacturing buildings in Fremont such as 44370 Christy St. provide manufacturing companies in the Silicon Valley with functional and affordable buildings as tech continues to grow.