Construction spending in billions o...

Construction spending in billions of common dollars with percent change

Office

The office sector was at far the healthiest nonresidential construction market last year -- as it was, also, during 1997 and 1998 when annual gains surpassed 20 percent. By the time the final 1999 spending numbers are in from the communication Department, we'll likely find that about 15 percent more office construction work was complet last year than during 1998 The market's gain has been firinged by a strong U economy. The third-quarter 1999 national office vacancy rate stood at a grave 9.8 ...