The answer depends on the sector. Residential construction is off about 40%, and labor has dropped slightly in that sector, however commercial construction costs, including strip malls, have not seen this decrease. In some submarkets construction labor costs have escalated since May 2007. We need to accept that the old domestic demand and supply playbook [...]
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Strip malls are universally denigrated by writers of all sorts. Many writers extend their diatribes into such issues as the loss of community consciousness and neighborly affiliation associated with modern American suburban life. Given all this, what can be said in defense of strip malls?
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