flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

2019 sets new record for supertall building completion

Market Data

2019 sets new record for supertall building completion

Overall, the number of completed buildings of at least 200 meters in 2019 declined by 13.7%.


By CTBUH | December 12, 2019

Courtesy Pixabay

The Council on Tall Buildings and Urban Habitat (CTBUH) has released its annual report, CTBUH Year in Review: Tall Trends of 2019, part of the Tall Buildings in Numbers data analysis series. The report shows that 126 buildings of 200 meters’ height or greater were completed in 2019, including 26 “supertall” buildings of at least 300 meters’ height, a new record.

The total number of supertall buildings worldwide is now 170. In 2013, there were 76 buildings 300 meters or higher worldwide; in 2000, only 26. The 530-meter Tianjin CTF Finance Centre in Tianjin, China was the tallest building completed in 2019.

“This is the fifth year in a row that a building over 500 meters has been completed, which is a remarkable accomplishment for the building industry – it was only 15 years ago that such buildings didn’t exist,” said CTBUH Chief Executive Officer Antony Wood.

Overall, the number of completed buildings of at least 200 meters in 2019 declined by 13.7% (there were 146 in 2018). This is the first year in which the overall completion figure declined since the 2010 to 2011 gap, which was attributed to the lag effect of project cancellations due to the 2008 recession. Due to the long lead times inherent to skyscraper construction, many of the projects completing in 2019 were conceived and initiated five or more years ago, and thus reflect the development circumstances of a half-decade prior.

However, 2019 proved to be a significant year for some areas that did not already have an abundance of tall buildings, and in some cases, had never been on the 200-meter-plus list before. The African continent and the nation of Algeria alike got a new tallest building: the Great Mosque of Algiers (265 meters). And on the opposite end of Africa, The Leonardo (227 meters) in Johannesburg, South Africa, became that nation’s new tallest building, and the second-tallest building on the continent. Europe also gained a new tallest building, after a long gestation period (including a change of site) – the Lakhta Center (462 meters) in St. Petersburg. And Brazil completed the Infinity Coast Tower (235 meters), which is the country’s first building to exceed 200 meters, despite being a nation of many tall buildings.

Looking into 2020, CTBUH currently projects a similar range for the expected number of completions for 200-meter-plus buildings: between 115 and 145. Of these, between 17 and 30 are expected to be supertalls (300 meters and higher).

View the full and interactive report on The Skyscraper Center.

Related Stories

Market Data | Mar 23, 2020

Coronavirus will reshape UAE construction

The impact of the virus has been felt in the UAE, where precautionary measures have been implemented to combat the spread of the virus through social distancing.

Coronavirus | Mar 20, 2020

Pandemic has halted or delayed projects for 28% of contractors

Coronavirus-caused slowdown contrasts with January figures showing a majority of metro areas added construction jobs; Officials note New infrastructure funding and paid family leave fixes are needed.

Market Data | Mar 17, 2020

Construction spending to grow modestly in 2020, predicts JLL’s annual outlook

But the coronavirus has made economic forecasting perilous.

Market Data | Mar 16, 2020

Grumman/Butkus Associates publishes 2019 edition of Hospital Benchmarking Survey

Report examines electricity, fossil fuel, water/sewer, and carbon footprint.

Market Data | Mar 12, 2020

New study from FMI and Autodesk finds construction organizations with the highest levels of trust perform twice as well on crucial business metrics

Higher levels of trust within organizations and across project teams correlate with increased profit margins, employee retention and repeat business that can all add up to millions of dollars of profitability annually.

Market Data | Mar 11, 2020

The global hotel construction pipeline hits record high at 2019 year-end

Projects currently under construction stand at a record 991 projects with 224,354 rooms.

Market Data | Mar 6, 2020

Construction employment increases by 43,000 in February and 223,000 over 12 months

Average hourly earnings in construction top private sector average by 9.9% as construction firms continue to boost pay and benefits in effort to attract and retain qualified hourly craft workers.

Market Data | Mar 4, 2020

Nonresidential construction spending attains all-time high in January

Private nonresidential spending rose 0.8% on a monthly basis and is up 0.5% compared to the same time last year.

Market Data | Feb 21, 2020

Construction contractor confidence remains steady

70% of contractors expect their sales to increase over the first half of 2020.

Market Data | Feb 20, 2020

U.S. multifamily market gains despite seasonal lull

The economy’s steady growth buoys prospects for continued strong performance.

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