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Rising Construction Costs Making Modular A Less Risky Bet

Written by CRETech | Jan 29, 2020 12:00:37 PM

Modular construction — a type of pre-fabricated building that happens mainly off-site and is then pieced together — is still considered a new and risky concept. But in an environment of sky-high building costs and a widening affordability gap in New York City, some builders believe the potential gains are worth the leap of faith.