A new market analysis compiled by Yardi® Matrix reports that demand, positive demographic drivers and job growth point to a healthy state of affairs for the U.S. multifamily market.
Friday, June 22, 2018
A new prototype model for urban data centers, developed by MIRIS in cooperation with Snøhetta, Skanska, Asplan Viak, and Nokia, hopes to help solve the international climate challenge by allowing excess energy from data centers to power cities with up to 18,000 people.
Thursday, June 21, 2018
Architecture firm billings grew in May, marking the eighth consecutive month of solid growth, according to a new report today from The American Institute of Architects (AIA).
Overall, the AIA’s Architecture Billings Index (ABI) score for May was 52.8 (any score over 50 is billings growth), which shows that demand for services from architecture firms continues to be healthy. The ABI also indicated that business conditions remain strong at firms located in the South and West, while growth in billings was modest at firms in the Northeast and Midwest.
Our cities are increasingly playing host to modes of transit so numerous that it’s making local authorities’ and regulatory agencies’ heads spin: scooters, bikeshare users, independent cyclists, pedestrians, buses, taxis, Ubers, and car owners all vie for space on streets and sidewalks. But even as the nature of the commute begins to vary more widely, a stubborn loyalty to our cars remains: according to an Autotrader Car Buyer of the Future Study, more than 70% of people feel “very attached” or “somewhat attached” to their cars.
Wednesday, June 20, 2018
A new report by the Union of Concerned Scientists (UCS) pinpoints portions of the U.S. at greatest risk of declining residential and commercial property values, and diminished city and county tax revenue due to flooding attributed to sea level rise.
The areas impacted face worse high tide flooding due to the effects of climate change, UCS says. The findings are the result of peer-reviewed analysis that used ZIP-code-by-ZIP-code data from Zillow Property Data.
The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7% by projects year-over-year (YOY).
There are 5,952 projects/1,115,288 rooms under construction, up 8% by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up 6% while projects in early planning at 2,774 projects/439,281 rooms are up 5% YOY.