Project inquiry gains hit a 10-year low.
Texas metropolitan areas have been leading the nation in office construction and have no reason to pump the brakes on future construction projects since demand only continues to grow, a new report from CoStar says.
When it comes to current projects, few firms have felt the impact of recent stock market volatility.
Last month, the overall billings increased by a healthy margin to a score of 54.7, and architecture firms in the Northeast, West, and South regions reported positive growth in billings.
The need for jackets and shawls in the office is an all-too-common complaint for employees living in sunny sub-tropical climates.
The processes of planning, design, construction and facilities management are complex and require decision making that is clear but realises the strategic and tactical inputs required by all the stakeholders including clients. Intelligent buildings are part of our history as well the future.
After modest increases in nonresidential construction spending last year, the AIA Consensus Construction Forecast Panel defied previous expectations, now projecting 4.0-percent growth in 2018 and an increase of 3.9 percent in 2019.
Already under strain due to years of accelerated development, the construction labor pool could take another hit under the Trump administration's immigration policy goals, according to reports.
Nonresidential construction will hold steady for the remainder of 2018, but could see a downturn in 2020 or 2021, according to the Associated Builders and Contractors.
The rate of growth did slow when compared to May, but architecture billings remained positive in June, coming in at a score of 51.3.
The current development cycle has stretched longer than many thought possible, and office construction is still going quite strong.
Certification programs provide evidence-based standards that address all aspects of design, fit-out, and operations within a building.
The tech giant told Virginia Gov. Ralph Northam's office it is seeking 4M SF of office space to bring 20,000 jobs, and officials pitched at least three sites for the project.
Billings decreased in three of four sectors in March, but the institutional sector was the only sector to show contraction, dropping 2.1 points to a score of 49.7. All other sectors posted billings scores above 50, indicating growth.