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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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Strong start for architecture billings in 2018

The American Institute of Architects reported the January 2018 ABI score was 54.7, up from a score of 52.8 in the previous month. 

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United States ranks fourth for renter growth

Renters are on the rise in 21 of the 30 countries examined in RentCafé’s recent study.

Market Data | Feb 1, 2018

Nonresidential construction spending expanded 0.8% in December, brighter days ahead

“The tax cut will further bolster liquidity and confidence, which will ultimately translate into more construction starts and spending,” said ABC Chief Economist Anirban Basu. 

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U.S. Green Building Council releases annual top 10 states for LEED green building per capita

Massachusetts tops the list for the second year; New York, Hawaii and Illinois showcase leadership in geographically diverse locations.

Industry Research | Jan 30, 2018

AIA’s Kermit Baker: Five signs of an impending upturn in construction spending

Tax reform implications and rebuilding from natural disasters are among the reasons AIA’s Chief Economist is optimistic for 2018 and 2019.

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AIA Consensus Forecast: 4.0% growth for nonresidential construction spending in 2018

The commercial office and retail sectors will lead the way in 2018, with a strong bounce back for education and healthcare.

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