CanaData’s Latest Square Footage Forecasts – March 2008
Abstract:
The accompanying table shows CanaData’s latest square footage forecasts for ICI (industrial, commercial and institutional) construction in Canada, by region, out to 2010. The 2008 commercial starts figure has been bumped up a bit since the last forecast in January and institutional starts have been cut by the same amount. The net result leaves the total square footage forecast for 2008 at 79.5 million, down from 89.1 in 2007. A further decline is expected in 2009 (73.0 million) before recovery in 2010 (76.5 million).
Comments
No comments posted for this article yet
The accompanying table shows CanaData’s latest square footage forecasts for ICI (industrial, commercial and institutional) construction in Canada, by region, out to 2010. The 2008 commercial starts figure has been bumped up a bit since the last forecast in January and institutional starts have been cut by the same amount. The net result leaves the total square footage forecast for 2008 at 79.5 million, down from 89.1 in 2007. A further decline is expected in 2009 (73.0 million) before recovery in 2010 (76.5 million).