Commercial Building

Why Are Industrial Construction Starts Plummeting in 2024?
Construction Management Why Are Industrial Construction Starts Plummeting in 2024?

The industrial construction sector saw a dramatic downturn in 2024, with the third quarter reporting one of the steepest declines in recent history. According to CommercialEdge data, construction starts plunged by a staggering 75.3 percent from the previous quarter. This figure translates to a drop

October 9, 2024
Commercial Real Estate Surges 3% in August Driven by Warehouse Projects
Construction Management Commercial Real Estate Surges 3% in August Driven by Warehouse Projects

The commercial real estate sector witnessed a significant uptick in August 2024, marked by a 3% increase according to the Dodge Momentum Index (DMI). This rise, signaling strengthened planning activity, underscores the resilience and growth potential in the market. August's Performance and the

September 11, 2024
German Commercial Property Market Shows Signs of Stabilization Amid Crisis
Construction Management German Commercial Property Market Shows Signs of Stabilization Amid Crisis

Germany's commercial property market has gripped industry watchers due to recent significant downturns, and the latest data suggests a mix of ongoing challenges and early signs of stabilization. Prices for commercial real estate in Germany fell 7.4% during the second quarter of 2024 compared

August 12, 2024
Commercial Real Estate Crisis: UBS’s Huge Losses Signal Deeper Issues
Construction Management Commercial Real Estate Crisis: UBS’s Huge Losses Signal Deeper Issues

In recent years, the commercial real estate (CRE) sector has emerged as a potential catalyst for a financial crisis. Despite managing to stay afloat, significant underlying issues continue to plague the market. The investment woes of UBS Group in the Sports Illustrated Building serve as a prime

August 12, 2024
Can Cities Revive Their Office Spaces in the Remote Work Era?
Construction Management Can Cities Revive Their Office Spaces in the Remote Work Era?

The bustling energy of city centers, once driven by packed office buildings and dense urban activity, has quieted considerably in the wake of the COVID-19 pandemic. With an unprecedented shift to remote work and evolving work preferences, cities are grappling with a pressing question: can they

August 12, 2024
Will Bird Construction's Upcoming Earnings Fly High?
Construction Management Will Bird Construction's Upcoming Earnings Fly High?

Investors are perched on the edge of their seats as Bird Construction Inc. gears up to unveil its quarterly earnings. With the announcement expected after the market closes on May 14th, all eyes are on the potential outcomes. Analysts project an earnings per share (EPS) of C$0.15 for the quarter,

May 7, 2024
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