1. To reopen successfully, hotels need to demonstrate safety (BD+C)
"Leaving aside the question of why it took a pandemic for Marriott to realize its cleanliness standards needed improving, the plan illustrates how all hoteliers will need to regain guests’ confidence that their properties are safe enough to stay in again without fear of viral infection."
2. How working from home is influencing design (CsllisonRTKL Blog)
"The lessons learned in the next few months can help shape how we work and design in the future. For now, remote work is different – and our new normal."
3. New York expands prevailing wage law (BD+C)
"New York State has expanded it prevailing wage law to include private projects worth $5 million or more and that have received public subsidies of at least 30% of total construction costs."
4. The Future Of DFW Office Is Touchless Entry And Germ-Free. What The Near Future Is Not: Spec Building (Bisnow)
"When the coronavirus crisis ends, building owners with newer assets armed with germ-fighting technologies are most equipped to succeed in the new normal, DFW developers Bill Cawley and Bill Brokaw say."
5. The Pandemic May Mean the End of the Open-Floor Office (New York Times)
"As businesses contemplate the return of workers to their desks, many are considering large and small changes to the modern workplace culture and trappings."
6. The Los Angeles market continue to lead the U.S. hotel construction pipeline at the close of the first quarter of 2020 (BD+C)
"Nationally, under construction project counts hit a new all-time high with 1,819 projects with 243,100 rooms."
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Leading hotel markets in the U.S. construction pipeline
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Market Data | Nov 6, 2018
Unflagging national office market enjoys economic tailwinds
Stable vacancy helped push asking rents 4% higher in third quarter.
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Nonresidential spending retains momentum in September, up 8.9% year over year
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The report states that Dubai tops the list with total project values amounting to US$374.2bn.
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Nonresidential fixed investment returns to earth in Q3
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
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Architecture firm billings slow but remain positive in September
Billings growth slows but is stable across sectors.
Market Data | Oct 19, 2018
New York’s five-year construction spending boom could be slowing over the next two years
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Global construction set to rise to US$12.9 trillion by 2022, driven by Asia Pacific, Africa and the Middle East
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.
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More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.
Market Data | Sep 24, 2018
Hotel construction pipeline reaches record highs
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
