flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

2019 sets new record for supertall building completion

Market Data

2019 sets new record for supertall building completion

Overall, the number of completed buildings of at least 200 meters in 2019 declined by 13.7%.


By CTBUH | December 12, 2019

Courtesy Pixabay

The Council on Tall Buildings and Urban Habitat (CTBUH) has released its annual report, CTBUH Year in Review: Tall Trends of 2019, part of the Tall Buildings in Numbers data analysis series. The report shows that 126 buildings of 200 meters’ height or greater were completed in 2019, including 26 “supertall” buildings of at least 300 meters’ height, a new record.

The total number of supertall buildings worldwide is now 170. In 2013, there were 76 buildings 300 meters or higher worldwide; in 2000, only 26. The 530-meter Tianjin CTF Finance Centre in Tianjin, China was the tallest building completed in 2019.

“This is the fifth year in a row that a building over 500 meters has been completed, which is a remarkable accomplishment for the building industry – it was only 15 years ago that such buildings didn’t exist,” said CTBUH Chief Executive Officer Antony Wood.

Overall, the number of completed buildings of at least 200 meters in 2019 declined by 13.7% (there were 146 in 2018). This is the first year in which the overall completion figure declined since the 2010 to 2011 gap, which was attributed to the lag effect of project cancellations due to the 2008 recession. Due to the long lead times inherent to skyscraper construction, many of the projects completing in 2019 were conceived and initiated five or more years ago, and thus reflect the development circumstances of a half-decade prior.

However, 2019 proved to be a significant year for some areas that did not already have an abundance of tall buildings, and in some cases, had never been on the 200-meter-plus list before. The African continent and the nation of Algeria alike got a new tallest building: the Great Mosque of Algiers (265 meters). And on the opposite end of Africa, The Leonardo (227 meters) in Johannesburg, South Africa, became that nation’s new tallest building, and the second-tallest building on the continent. Europe also gained a new tallest building, after a long gestation period (including a change of site) – the Lakhta Center (462 meters) in St. Petersburg. And Brazil completed the Infinity Coast Tower (235 meters), which is the country’s first building to exceed 200 meters, despite being a nation of many tall buildings.

Looking into 2020, CTBUH currently projects a similar range for the expected number of completions for 200-meter-plus buildings: between 115 and 145. Of these, between 17 and 30 are expected to be supertalls (300 meters and higher).

View the full and interactive report on The Skyscraper Center.

Related Stories

Market Data | Sep 18, 2019

Substantial decline in Architecture Billings

August report suggests greatest weakness in design activity in several years.

Market Data | Sep 17, 2019

ABC’s Construction Backlog Indicator inches lower in July

Backlog in the heavy industrial category increased by 2.3 months and now stands at its highest level in the history of the CBI series.

Market Data | Sep 13, 2019

Spending on megaprojects, already on the rise, could spike hard in the coming years

A new FMI report anticipates that megaprojects will account for one-fifth of annual construction spending within the next decade.

Architects | Sep 11, 2019

Buoyed by construction activity, architect compensation continues to see healthy gains

The latest AIA report breaks down its survey data by 44 positions and 28 metros.

Market Data | Sep 11, 2019

New 2030 Commitment report findings emphasize need for climate action

Profession must double down on efforts to meet 2030 targets.

Market Data | Sep 10, 2019

Apartment buildings and their residents contribute $3.4 trillion to the national economy

New data show how different aspects of the apartment industry positively impact national, state and local economies.

Market Data | Sep 3, 2019

Nonresidential construction spending slips in July 2019, but still surpasses $776 billion

Construction spending declined 0.3% in July, totaling $776 billion on a seasonally adjusted annualized basis.

Industry Research | Aug 29, 2019

Construction firms expect labor shortages to worsen over the next year

A new AGC-Autodesk survey finds more companies turning to technology to support their jobsites.

Market Data | Aug 21, 2019

Architecture Billings Index continues its streak of soft readings

Decline in new design contracts suggests volatility in design activity to persist.

Market Data | Aug 19, 2019

Multifamily market sustains positive cycle

Year-over-year growth tops 3% for 13th month. Will the economy stifle momentum?

boombox1
boombox2
native1

More In Category




Giants 400

Top 100 Architecture Engineering Firms for 2024

Stantec, HDR, Page, HOK, and Arcadis North America top Building Design+Construction's ranking of the nation's largest architecture engineering (AE) firms for nonresidential building and multifamily housing work, as reported in BD+C's 2024 Giants 400 Report.

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021