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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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The acceleration in real GDP growth was driven by a combination of factors, including an upturn in exports, a smaller decrease in state and local government spending and an upturn in federal government spending, says ABC Chief Economist Anirban Basu.

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U.S. construction solid and stable in Q3 of 2016; Presidential election seen as influence on industry for 2017

Rider Levett Bucknall’s Third Quarter 2016 USA Construction Cost Report puts the complete spectrum of construction sectors and markets in perspective as it assesses the current state of the industry.

Industry Research | Oct 25, 2016

New HOK/CoreNet Global report explores impact of coworking on corporate real rstate

“Although coworking space makes up less than one percent of the world’s office space, it represents an important workforce trend and highlights the strong desire of today’s employees to have workplace choices, community and flexibility,” says Kay Sargent, Director of WorkPlace at HOK.

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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.

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“This recent backslide should act as a warning signal,” said AIA Chief Economist, Kermit Baker.

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