CanaData’s Latest Square Footage Construction Forecasts − Three Distinct Markets in 2009
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CanaData’s square footage forecasts are re-examined every second month. The latest analysis of the 2009 market justifies some downward revisions in the commercial and industrial categories. The institutional figure has been shifted slightly upward. As for the total of the three non-residential building (ICI) categories, it is now expected that ground will be broken on 50.0 million square feet. Three distinct segments have emerged – residential, privately-funded non-residential and publicly-funded non-residential.