Bad news for commercial real estate: Architects report a big drop in business

by anastasiakaufman-chime-me

PUBLISHED WED, OCT 18 202312:09 PM EDTUPDATED 4 HOURS AGO

By: Diana Olick

Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Construction workers say they are losing their jobs because employers fear Florida's new immigration law. The new immigration law, signed by Florida Governor and 2024 Presidential hopeful Ron DeSantis, goes into effect July 1, 2023. It requires private employers with 25 or more employees to confirm workers' immigration status through a system known as "E-verify". (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images

Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could experience even more pain in the next year.

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