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7 must reads for the AEC industry today: September 8, 2020

Market Data

7 must reads for the AEC industry today: September 8, 2020

Google proposes 40-acre redevelopment plan and office buildings should be an essential part of their communities.


By BD+C Editors | September 8, 2020


1. Construction sector adds 16,000 workers in august but nonresidential jobs shrink (AGC)
"Construction employment increased by 16,000 jobs in August, but the gains were concentrated in housing, while the infrastructure and nonresidential building construction sector lost 11,000 jobs, according to an analysis by the Associated General Contractors of America of government data."

2. The office building of the future should be an essential part of its community (Gensler) 
"Today we recognize that office buildings are no longer just containers for people but rather an experience supercharger. Office performance should be less about maximizing workplace density and more about the quality of the space and the experience it delivers."

3. Google proposes 40-acre redevelopment that includes nearly 2,000 housing units (BD+C) 
"Google intends to allocate 20% of the residential space, spread over six buildings within the proposed village, to affordable housing."

4. Updated selection, application guide for plastic glazed skylights, sloped glazing released (BD+C) 
"The Fenestration and Glazing Industry Alliance (FGIA) recently released an updated document on the value and effective application of plastic glazed skylights and sloped glazing in building design."

5. Apartment values stay solid in private market despite falling rents (WSJ)
"Recent CIM deal shows some buyers still willing to pay near pre-pandemic prices in certain areas."

6. CDC-ordered eviction moratorium meets both praise and skepticism (Bisnow)
"The Centers for Disease Control and Prevention has issued an order proclaiming a nationwide residential eviction moratorium, characterizing it as a matter of public health policy."

7. Macy’s plans rollout of smaller stores away from malls (CNBC)
"Macy’s and Bloomingdale’s 'have high potential' away from malls and in smaller formats, CEO Jeff Gennette told analysts."

 

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Marcum Commercial Construction Index reports second quarter spending increase in commercial and office construction

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