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Tag: Office construction


Sustainability

Office construction may never return to pre-pandemic levels

November 28, 2023

Via: Construction Dive

In February, JE Dunn, a Kansas City, Missouri-based construction firm, broke ground on a 677-foot-tall office tower in downtown Omaha, Nebraska. The $600 million project, which will be the new corporate headquarters for insurance company Mutual of Omaha, includes 800,000 […]


News

Tech sector decline saps office construction comeback

December 7, 2022

Via: Construction Dive

Tech slowdowns continue to affect the commercial construction market, particularly the outlook for the U.S. office market. Technology companies accounted for 40.5% of all leasing activity through the third quarter of 2022. That means hiring freezes and slower growth expectations […]


News

Google commits $7B to offices, data centers in 2021

March 23, 2021

Via: Construction Dive

The announcement brings a much-needed boost of good news to the office construction market, one of the hardest hit building sectors during the COVID-19 pandemic. “Coming together in person to collaborate and build community is core to Google’s culture, and […]


Sustainability

How office construction will change post-pandemic

November 16, 2020

Via: Construction Dive

Even though companies have discovered how effective their employees can be working virtually, the office still holds value as a primary space for collaboration and socialization, the study found. The coronavirus outbreak and increased emphasis on virtual work have transformed […]


Construction Processes, Interaction of Expertise

Office construction lifts U.S. asking rental rate, but slowing absorption in Q3 raises concerns

November 25, 2019

Via: BDCNetwork

Arising tide of new office projects may be skewing the national average rental rate upward and obscuring increased leasing challenges for second-generation properties in many markets, Transwestern’s latest U.S. office market report suggests. Monthly asking rent averaged $26.97 per square […]