Construction cranes are disappearing from the skylines of major US cities, in another sign of the depressed commercial real estate market and dearth of new construction.New York and have been the hardest hit, with the number of cranes in each city down 69 percent since February of 2020, just before the onset of the pandemic, according data reported by . The enduring popularity of remote work and higher borrowing costs have both put a damper on office construction projects, with several major projects put on hold until conditions turn more favorable.
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