1. KPF designs three-building San Jose office campus (BD+C)
"The project will be adjacent to Google's planned eight million square foot transit village and Diridon Station."
2. Nonresidential construction employment sees record loss in April (ABC)
"The construction unemployment rate was 16.6% in April, up 11.9 percentage points from the same time last year."
3. European cities to revamp transportation after pandemic reopening (BD+C)
"In Milan, the city core will be partly remodeled to turn over 22 miles of road space previously used by cars to bikes and pedestrians. Cars in the city center will be required to adhere to a new, reduced 30 kilometers per hour speed limit."
4. ‘Too early to write the epitaph’ for office real estate, UBS analyst says (CNBC)
"In a new forecast, CBRE predicts that after hitting $35.66 per square foot per year in the first quarter of 2020, the average office rent will hit a low of $33.23 in the fourth quarter and then gradually recover by the first quarter of 2022."
5. Class A meet plan B: How the coronavirus could impact NYC’s newly built office space (Commercial Observer)
"The outlook for new office space just got a whole lot more complicated."
6. Twitter Says It’s Keeping All Its Office Space, Despite Forever Work-From-Home Policy (Bisnow)
"Twitter may be allowing all its employees to work from home forever, but it doesn't have any plans to reduce its office footprint, the company told Bisnow Thursday."
Related Stories
Market Data | Feb 10, 2016
Nonresidential building starts and spending should see solid gains in 2016: Gilbane report
But finding skilled workers continues to be a problem and could inflate a project's costs.
Market Data | Feb 9, 2016
Cushman & Wakefield is bullish on U.S. economy and its property markets
Sees positive signs for construction and investment growth in warehouses, offices, and retail
Market Data | Feb 5, 2016
CMD/Oxford forecast: Nonresidential building growth will recover modestly in 2016
Increased government spending on infrastructure projects should help.
Market Data | Feb 4, 2016
Mortenson: Nonresidential construction costs expected to increase in six major metros
The Construction Cost Index, from Mortenson Construction, indicated rises between 3 and 4% on average.
Contractors | Feb 1, 2016
ABC: Tepid GDP growth a sign construction spending may sputter
Though the economy did not have a strong ending to 2015, the data does not suggest that nonresidential construction spending is set to decline.
Data Centers | Jan 28, 2016
Top 10 markets for data center construction
JLL’s latest outlook foresees a maturation in certain metros.
Market Data | Jan 20, 2016
Nonresidential building starts sag in 2015
CDM Research finds only a few positive signs among the leading sectors.
Market Data | Jan 20, 2016
Architecture Billings Index ends year on positive note
While volatility persists, architecture firms reported healthy performance for 2015.
Market Data | Jan 15, 2016
ABC: Construction material prices continue free fall in December
In December, construction material prices fell for the sixth consecutive month. Prices have declined 7.2% since peaking in August 2014.
Market Data | Jan 13, 2016
Morgan Stanley bucks gloom and doom, thinks U.S. economy has legs through 2020
Strong job growth and dwindling consumer debt give rise to hope.
