Baltimore/Towson Sees Modest Increase in Commercial and Multifamily Construction Starts in 2017

Ally D'Ovidio

Commercial and multifamily construction starts in Baltimore/Towson increased by 4 percent, or $2.7 billion, in 2017, despite a decline in major metropolitan markets overall, according to a report by Dodge Data & Analytics. The modest increase follows a huge jump of 44 percent in commercial and multifamily construction starts in 2016.  Baltimore/Towson was one of only a handful of metropolitan areas, including Atlanta, Philadelphia, Orlando, San Diego and San Francisco, to post an increase for 2017.  Most of the country’s major metropolitan markets saw a significant downturn in commercial and multifamily construction starts. To find out how other major metropolitan areas fared, read the full report.