When the economy went south in 2001, it took the commercial sector along for the ride. Signs of life began to appear last summer as the commercial construction spending jumped 5%, only to ease to about 2% during the fall. The lull will be brief, however, as the sector enters a period of sustained growth during the next two years. Commercial spending is expected to increase 8% rise this year and another 13% in 2005.
This surge follows a three-year period (2001-2003), which saw the sector decline 10%. But before that, the sector was going gangbusters, doubling from 1992-2000.
Drug stores constituted the biggest drag on the market in late 2003, declining 20% in …
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