flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

5 must reads for the AEC industry today: May 28, 2020

Market Data

5 must reads for the AEC industry today: May 28, 2020

Biophilic design on the High Line and the office market could be a COVID-19 casualty.


By BD+C Editors | May 27, 2020


1. 512 West 22nd Street: Biophilic design on the High Line (BD+C) 
"Located on the High Line at a spot known as the Chelsea Thicket, 512 West 22nd Street is a new office building inspired by its proximity to the park’s public space and its location with connection to and views of the Hudson River." 

2. Clean is the new Green as U.S. hospitality sector inches closer to reopening (BD+C) 
"Tens of thousands of restaurants and hotel rooms in the U.S. have been vacant as a result of the novel coronavirus. The U.S. Bureau of Labor Statistics estimates that the leisure and hospitality sector lost 7.7 million jobs in April alone, with restaurants taking most of that hit, and the sector’s unemployment rate soared to 39%."

3. Office market could be COVID-19 casualty (BD+C) 
"As companies get used to work at home, post-pandemic office market could collapse."

4. Multifamily developers report mounting delays in permitting and starts due to coronavirus pandemic (NMHC) 
"The good news is that labor availability is on the rise, possibly due to better benefits and incentives." 

5. Boeing and Airbus Study How Coronavirus Behaves During Air Travel (WSJ)
"Industry is working to curb pandemic risks that have brought air traffic to a near standstill."

 

Related Stories

Industry Research | Jan 31, 2024

ASID identifies 11 design trends coming in 2024

The Trends Outlook Report by the American Society of Interior Designers (ASID) is the first of a three-part outlook series on interior design. This design trends report demonstrates the importance of connection and authenticity.

Apartments | Jan 26, 2024

New apartment supply: Top 5 metros delivering in 2024

Nationally, the total new apartment supply amounts to around 1.4 million units—well exceeding the apartment development historical average of 980,000 units.

Self-Storage Facilities | Jan 25, 2024

One-quarter of self-storage renters are Millennials

Interest in self-storage has increased in over 75% of the top metros according to the latest StorageCafe survey of self-storage preferences. Today, Millennials make up 25% of all self-storage renters.

Industry Research | Jan 23, 2024

Leading economists forecast 4% growth in construction spending for nonresidential buildings in 2024

Spending on nonresidential buildings will see a modest 4% increase in 2024, after increasing by more than 20% last year according to The American Institute of Architects’ latest Consensus Construction Forecast. The pace will slow to just over 1% growth in 2025, a marked difference from the strong performance in 2023.

Construction Costs | Jan 22, 2024

Construction material prices continue to normalize despite ongoing challenges

Gordian’s most recent Quarterly Construction Cost Insights Report for Q4 2023 describes an industry still attempting to recover from the impact of COVID. This was complicated by inflation, weather, and geopolitical factors that resulted in widespread pricing adjustments throughout the construction materials industries.

Hotel Facilities | Jan 22, 2024

U.S. hotel construction is booming, with a record-high 5,964 projects in the pipeline

The hotel construction pipeline hit record project counts at Q4, with the addition of 260 projects and 21,287 rooms over last quarter, according to Lodging Econometrics.

Multifamily Housing | Jan 15, 2024

Multifamily rent growth rate unchanged at 0.3%

The National Multifamily Report by Yardi Matrix highlights the highs and lows of the multifamily market in 2023. Despite strong demand, rent growth remained unchanged at 0.3 percent.

Self-Storage Facilities | Jan 5, 2024

The state of self-storage in early 2024

As the housing market cools down, storage facilities suffer from lower occupancy and falling rates, according to the December 2023 Yardi Matrix National Self Storage Report.

Designers | Dec 25, 2023

Redefining the workplace is a central theme in Gensler’s latest Design Report

The firm identifies eight mega trends that mostly stress human connections.

Contractors | Dec 12, 2023

The average U.S. contractor has 8.5 months worth of construction work in the pipeline, as of November 2023

Associated Builders and Contractors reported today that its Construction Backlog Indicator inched up to 8.5 months in November from 8.4 months in October, according to an ABC member survey conducted Nov. 20 to Dec. 4. The reading is down 0.7 months from November 2022.

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