Steel and COVID-19

In additional to environmental obstacles, the price of raw materials, particularly steel and lumber, is extremely high right now due to supply and demand issues that have arisen as result of COVID. Regency has encountered some serious trouble with steel acquisition for their large scale projects, but have also had trouble because tenants are having to wait longer and pay more to finish spaces. This is currently happening at the nail salon that is under construction at Midtown East.

 

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