2020 Trend: The Continued Growth of Modular Construction
Modular construction was once a cheap solution for properties in lower-priced areas. That has slowly changed over the last several years as some of the biggest companies in the burgeoning proptech and construction tech spaces have focused on modular and prefab builds. Modular construction is now used in a variety of high-end commercial real estate projects. In fact, the modular construction market is projected to reach as high as $157 billion by 2023.
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