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 | Oct 24, 2016
New construction starts in 2017 to increase 5% to $713 billion
Dodge Outlook Report predicts moderate growth for most project types – single family housing, commercial and institutional building, and public works, while multifamily housing levels off and electric utilities/gas plants decline.
High-rise Construction | Oct 21, 2016
The world’s 100 tallest buildings: Which architects have designed the most?
Two firms stand well above the others when it comes to the number of tall buildings they have designed.
Market Data | Oct 19, 2016
Architecture Billings Index slips consecutive months for first time since 2012
“This recent backslide should act as a warning signal,” said AIA Chief Economist, Kermit Baker.
Market Data | Oct 11, 2016
Building design revenue topped $28 billion in 2015
Growing profitability at architecture firms has led to reinvestment and expansion
Market Data | Oct 4, 2016
Nonresidential spending slips in August
Public sector spending is declining faster than the private sector.
Industry Research | Oct 3, 2016
Structure Tone survey shows cost is still a major barrier to building green
Climate change, resilience and wellness are also growing concerns.
Industry Research | Sep 27, 2016
Sterling Risk Sentiment Index indicates risk exposure perception remains stable in construction industry
Nearly half (45%) of those polled say election year uncertainty has a negative effect on risk perception in the construction market.
Market Data | Sep 22, 2016
Architecture Billings Index slips, overall outlook remains positive
Business conditions are slumping in the Northeast.
Market Data | Sep 20, 2016
Backlog skyrockets for largest firms during second quarter, but falls to 8.5 months overall
While a handful of commercial construction segments continue to be associated with expanding volumes, for the most part, the average contractor is no longer getting busier, says ABC Chief Economist Anirban Basu.
Designers | Sep 13, 2016
5 trends propelling a new era of food halls
Food halls have not only become an economical solution for restauranteurs and chefs experiencing skyrocketing retail prices and rents in large cities, but they also tap into our increased interest in gourmet locally sourced food, writes Gensler's Toshi Kasai.