Tariffs Add New Pressure to Commercial Construction Budgets

Core Insights - Tariffs are exerting additional pressure on commercial construction budgets, as highlighted by new research from Cushman & Wakefield [1] Group 1: Impact of Tariffs - The imposition of tariffs is leading to increased costs in the commercial construction sector, affecting overall project budgets [1] - Research indicates that these tariffs are contributing to a rise in material costs, which is a significant concern for construction firms [1] Group 2: Industry Response - Companies in the construction industry may need to reassess their budgeting strategies to accommodate the rising costs due to tariffs [1] - The research suggests that firms could explore alternative materials or suppliers to mitigate the financial impact of tariffs [1]