Author: Caryn Norton
The construction industry in 2024 was defined by strong fundamentals, marked by a 10% increase in nominal value added and a 12% increase in gross output.
By 2020, life sciences facilities were on the rise. Enter the pandemic, and the urgent need for vaccine research & development labs and manufacturing facilities created a spike in life sciences construction. However, with less emphasis on vaccine development and a subsequent cooling of that spike, many geographic regions now find themselves grappling with a saturated market.
Like many industries, steel experienced significant turbulence during the pandemic—primarily driven by unprecedented demand. The surge in demand for steel products, including joists, decks, and beams, significantly stressed production and fabrication capacity. The industry’s ability to quickly adapt to market demands was hindered by the sheer volume of requests, making it difficult to meet pre-pandemic project timelines.
Building behavioral health facilities has long been a Layton priority. We’re passionate about creating spaces that support mental health and improve the lives of individuals in communities across the country.
Workplace space efficiency and effectiveness trends are driving a redistribution of office fit-out costs for law firms. A greater percentage of the project budget is being allocated to improving the quality of space, amenities, social spaces and AV/IT technology.
It’s easy to grasp the visible expansion of Jefferson Healthcare on Sheridan Street and to understand that it benefits the community. We are a bit isolated here on the peninsula, and having quality care is essential for good outcomes.
Structure Tone’s Special Projects Division has evolved over 25 years. Today, it stands as an integral part of Structure Tone New York, offering a personalized construction experience for clients across a diverse range of projects with a hands-on approach and unwavering commitment to exceptional client service.
STOBG actively engages with regional construction professionals to monitor cost and construction trends as they develop and seeks to inform and engage with others in the commercial real estate industry so that we may all better understand the daily reality of our markets.
In our dynamic industry, where project scopes and budgets frequently evolve, the early stages of a project are crucial to its success. Progressive design-build (PDB) has emerged as a promising method
to manage the uncertainties and complexities of construction projects. Ajax Building Company, a leading player in this space, has leveraged this method to enhance project efficiency and innovation.