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6 must reads for the AEC industry today: September 4, 2020

Market Data

6 must reads for the AEC industry today: September 4, 2020

10 Design to redevelop Nanjing AIrport and TUrner Construction takes a stand against racism.


By BD+C Editors | September 4, 2020


1. 10 Design will redevelop the Nanjing Dajiaochang Airport (BD+C) 
"The redevelopment has been designed with the central theme of echoing the past while reflecting the future for the city of Nanjing. The winning design features three interconnected buildings linked by a sunken street, incorporating office, retail, and cultural spaces."

2. The Weekly show: JLL's construction outlook for 2020, and COVID-19's impact on sustainability (BD+C) 
"The September 3 episode of BD+C's "The Weekly" is available for viewing on demand."

3. Turner Construction takes strong stand against racism (BD+C) 
"Workers on jobs where Turner holds training usually stay home for a day while organizers prepare for the anti-bias program."

4. Hotels Get Past Awful Q2, But Demand May Not Rebound Until 2023 (Bisnow)
"The U.S. hospitality industry took a major drubbing during the second quarter of 2020, suffering its lowest occupancy levels since the Great Depression. The third quarter has seen improvement in U.S. hotel industry metrics, but it isn't clear yet how much lasting damage the pandemic-related recession has done, and a full recovery may be years from now."

5. Why Whole Foods is trying out a 'dark store' as part of its vision for the future of grocery shopping online (USA Today)
"There's no salad or coffee bar at the newest Whole Foods Market. The Amazon-owned grocery chain is officially opening its first permanent online-only store in Brooklyn, New York, to fulfill orders for grocery delivery, Whole Foods officials shared exclusively with USA TODAY on Tuesday. Like other retailers' online-only stores, also known as dark stores, the store will not be open to the public."

6. Rental Concessions on the Rise as Rent Market Softens (Zillow)
"The percentage of rental listings featuring concessions rose from 16.2% in February to 30.4% in July. Year-over-year rent growth has slowed from 3.9% to 1.2% over the same period."

 

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AIA 2019 Consensus Forecast: Nonresidential construction spending to rise 4.4%

The education, public safety, and office sectors will lead the growth areas this year, but AIA's Kermit Baker offers a cautious outlook for 2020.

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Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment in offices, MOBs, and industrial buildings.

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Run of positive billings continues at architecture firms

November marked the fourteenth consecutive month of increasing demand for architectural firm services.

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ABC predicts construction sector will remain strong in 2019

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Thirteen out of 16 subsectors are associated with year-over-year increases.

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Construction employment rises from October 2017 to October 2018 in 44 states and D.C.

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