From the Wall Street Journal: “Commercial Builders Are Losing Their Appetite to Build Anything but Data Centers“
Higher interest rates, steeper material prices and a tight labor force provide significant headwinds to new construction this year. Spending to build offices, hotels, apartment buildings and warehouses is projected to fall in 2026.
Data centers, sought by large tech companies to run artificial-intelligence platforms, are a bright spot. Spending on construction of data centers will rise by 23% in 2026.
Multifamily Market News 