1. Zaha Hadid Architects unveils 2 Murray Road in Hong Kong (BD+C)Â
"The double-height foyer at ground level is arranged for access on multiple levels and welcomes staff and visitors with an interplay of natural light, planting, and organic forms leading up to the second floor public lobby on the city’s elevated walkway network. Suspended above the canopy of its surrounding trees, the lobby’s sculptural glass facade defines a variety of nested spaces. The color palette of these spaces differentiate key destinations within the tower."
2. With revenues drying up, colleges reexamine their student housing projects (BD+C)Â
"Even before the coronavirus pandemic, national college enrollment had been declining annually for nearly a decade, according to estimates from the National Student Clearinghouse Research Center, which this fall will issue the first of nine quarterly reports that track the virus’s impact on higher education in the U.S. through fall 2022."
3. AEC industry is weathering COVID-19 better than most (PSMJ)Â
"Nearly one-third of architecture, engineering and construction (A/E/C) firms have furloughed or laid off employees due to COVID-19, and more than 90% say they have experienced at least some project delays or cancellations, according to a new survey of firm leaders conducted by PSMJ Resources."
4. Healthcare Design Awards promote projects that heal (AIA)Â
"The awards recognize cutting-edge designs that help solve aesthetic, civic, urban and social problems while also being functional and sustainable."
5. SMPS Chicago panel on Covid-19 impact on the built environment: October 14 (limited to 100) (BD+C)Â
"Experts from Gilbane Building Co., Gensler, and Avison Young on the panel, to be moderated by BD+C's Robert Cassidy."
6. Multifamily buildings with premium groceries can charge more rent (Bisnow)
"The value a premium grocery store adds to a neighborhood has been well documented, but new research suggests the benefits reach an even more granular level."
7. Commercial construction could be rebounding: US Chamber (Commercial Property Executive)
"The new Commercial Construction Index from the U.S. Chamber of Commerce is still far below the first quarter."
Â
Related Stories
Market Data | May 1, 2023
AEC firm proposal activity rebounds in the first quarter of 2023: PSMJ report
Proposal activity for architecture, engineering and construction (A/E/C) firms increased significantly in the 1st Quarter of 2023, according to PSMJ’s Quarterly Market Forecast (QMF) survey. The predictive measure of the industry’s health rebounded to a net plus/minus index (NPMI) of 32.8 in the first three months of the year.Â
Industry Research | Apr 25, 2023
The commercial real estate sector shouldn’t panic (yet) about recent bank failures
A new Cushman & Wakefield report depicts a “well capitalized” banking industry that is responding assertively to isolated weaknesses, but is also tightening its lending.
Architects | Apr 21, 2023
Architecture billings improve slightly in March
Architecture firms reported a modest increase in March billings. This positive news was tempered by a slight decrease in new design contracts according to a new report released today from The American Institute of Architects (AIA). March was the first time since last September in which billings improved.
Contractors | Apr 19, 2023
Rising labor, material prices cost subcontractors $97 billion in unplanned expenses
Subcontractors continue to bear the brunt of rising input costs for materials and labor, according to a survey of nearly 900 commercial construction professionals.Â
Data Centers | Apr 14, 2023
JLL's data center outlook: Cloud computing, AI driving exponential growth for data center industry
According to JLL’s new Global Data Center Outlook, the mass adoption of cloud computing and artificial intelligence (AI) is driving exponential growth for the data center industry, with hyperscale and edge computing leading investor demand.
Healthcare Facilities | Apr 13, 2023
Healthcare construction costs for 2023
Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
Higher Education | Apr 13, 2023
Higher education construction costs for 2023
Fresh data from Gordian breaks down the average cost per square foot for a two-story college classroom building across 10 U.S. cities.
Market Data | Apr 13, 2023
Construction input prices down year-over-year for first time since August 2020
Construction input prices increased 0.2% in March, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices rose 0.4% for the month.
Market Data | Apr 11, 2023
Construction crane count reaches all-time high in Q1 2023
Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.
Contractors | Apr 11, 2023
The average U.S. contractor has 8.7 months worth of construction work in the pipeline, as of March 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.
