1. $92 million reconstruction of St. Petersburg Municipal Pier completes (BD+C)
"The $92 million reconstruction of the St. Petersburg Municipal Pier has completed. Dubbed the Pier District, the 26-acre project includes a park, a 1,400-foot pier, a beach, restaurants, shops, artwork, interactive experiences, and entertainment and education areas."
2. Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover (AGC)
"The HEALS Act includes essential liability, workforce, financial & unemployment reforms, but association will work to get needed infrastructure investments included in final relief measure."
3. Updated Energy Plus and OpenStudio building energy modeling tools released (BD+C)
"The U.S. Department of Energy (DOE) and National Laboratories released updated versions of open-source, whole-building energy modeling tools: the EnergyPlus engine and the OpenStudio software development kit and graphical application."
4. Post-pandemic workplace design will not be the same for all (Sasaki)
"The shift to open office design was largely driven by a change in the way we work. Our economy shifted from repetitive, production-focused work to innovative, knowledge-based work, which required that cubicle walls come down. As knowledge-based work increased with the explosion of the internet and globalization, employee interaction came to be viewed as an imperative, rather than a distraction hindering productivity."
5. Booming E-commerce sales drive demand for industrial facilities (National Real Estate Investor)
"Industrial facilities are seeing rising rents and potential bidding wars as online sales drive demand for space to store merchandise."
6. Researchers closer to understanding the role of buildings in the pandemic (Bisnow)
"New research by the University of Oregon and the University of California-Davis points to HVAC systems as spreaders of the coronavirus, though the study is still preliminary."
Related Stories
Hotel Facilities | Jan 22, 2024
U.S. hotel construction is booming, with a record-high 5,964 projects in the pipeline
The hotel construction pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, according to Lodging Econometrics.
Multifamily Housing | Jan 15, 2024
Multifamily rent growth rate unchanged at 0.3%
The National Multifamily Report by Yardi Matrix highlights the highs and lows of the multifamily market in 2023. Despite strong demand, rent growth remained unchanged at 0.3 percent.
Self-Storage Facilities | Jan 5, 2024
The state of self-storage in early 2024
As the housing market cools down, storage facilities suffer from lower occupancy and falling rates, according to the December 2023 Yardi Matrix National Self Storage Report.
Designers | Dec 25, 2023
Redefining the workplace is a central theme in Gensler’s latest Design Report
The firm identifies eight mega trends that mostly stress human connections.
Contractors | Dec 12, 2023
The average U.S. contractor has 8.5 months worth of construction work in the pipeline, as of November 2023
Associated Builders and Contractors reported today that its Construction Backlog Indicator inched up to 8.5 months in November from 8.4 months in October, according to an ABC member survey conducted Nov. 20 to Dec. 4. The reading is down 0.7 months from November 2022.
Market Data | Nov 27, 2023
Number of employees returning to the office varies significantly by city
While the return-to-the-office trend is felt across the country, the percentage of employees moving back to their offices varies significantly according to geography, according to Eptura’s Q3 Workplace Index.
Market Data | Nov 14, 2023
The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of September 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022. Backlog now stands at its lowest level since the first quarter of 2022.
Multifamily Housing | Nov 9, 2023
Multifamily project completions forecast to slow starting 2026
Yardi Matrix has released its Q4 2023 Multifamily Supply Forecast, emphasizing a short-term spike and plateau of new construction.
Contractors | Nov 1, 2023
Nonresidential construction spending increases for the 16th straight month, in September 2023
National nonresidential construction spending increased 0.3% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.1 trillion.
Market Data | Oct 23, 2023
New data finds that the majority of renters are cost-burdened
The most recent data derived from the 2022 Census American Community Survey reveals that the proportion of American renters facing housing cost burdens has reached its highest point since 2012, undoing the progress made in the ten years leading up to the pandemic.
