A new report from Dodge Data & Analytics’ 2017 year end report states a stark contrast between building starts of new commercial and residential construction in South Florida. Commercial construction jumped 27 percent over 2016 with a total of $5.7 billion in new building. The commercial sector, including multifamily and industrial, has seen large increases in warehouses, seaport and airport facilities. Residential has not fared as well having seen a 33 percent decrease to $5 billion. Overall 2017 construction value, $10.7 billion, was down compared to 2016’s total of $12 billion.
