High construction costs accompany emerging market retail development

09/23/2013 | Real Estate Weekly (New York)

Emerging markets, such as China, India, the Middle East, Eastern Europe, Russia and South America, are posting the most retail construction and experiencing rising costs, according to the forthcoming International Construction Cost Survey 2013. Costs are rising in mature markets but at a more moderate pace, as companies opt to spend on renovations rather than new construction. The survey shows that construction costs in the U.S. increased last year and this year after declining in previous years.

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