flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 must reads for the AEC industry today: May 15, 2020

Market Data

6 must reads for the AEC industry today: May 15, 2020

Nonresidential construction employment sees record loss and Twitter will keep all of its office space.


By BD+C Editors | May 15, 2020


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 | Apr 4, 2016

ABC: Nonresidential spending slip in February no cause for alarm

Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. The figure is a step back but still significantly higher than one year ago.

Market Data | Mar 30, 2016

10 trends for commercial real estate: JLL report

The report looks at global threats and opportunities, and how CRE firms are managing their expectations for growth.

Market Data | Mar 23, 2016

AIA: Modest expansion for Architecture Billings Index

Business conditions softening most in Midwest in recent months.  

Retail Centers | Mar 16, 2016

Food and technology will help tomorrow’s malls survive, says CallisonRTKL

CallisonRTKL foresees future retail centers as hubs with live/work/play components. 

Market Data | Mar 6, 2016

Real estate execs measure success by how well they manage ‘talent,’ costs, and growth

A new CBRE survey finds more companies leaning toward “smarter” workspaces. 

Market Data | Mar 1, 2016

ABC: Nonresidential spending regains momentum in January

Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Spending increased in January in 10 of 16 nonresidential construction sectors.  

Market Data | Mar 1, 2016

Leopardo releases 2016 Construction Economics Report

This year’s report shows that spending in 2015 reached the highest level since the Great Recession. Total spending on U.S. construction grew 10.5% to $1.1 trillion, the largest year-over-year gain since 2007. 

Market Data | Feb 26, 2016

JLL upbeat about construction through 2016

Its latest report cautions about ongoing cost increases related to finding skilled laborers.

Market Data | Feb 17, 2016

AIA reports slight contraction in Architecture Billings Index

Multifamily residential sector improving after sluggish 2015.

Market Data | Feb 11, 2016

AIA: Continued growth expected in nonresidential construction

The American Institute of Architects’ semi-annual Consensus Construction Forecast indicates a growth of 8% in construction spending in 2016, and 6.7% the following year.

boombox1
boombox2
native1

More In Category




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