The pendulum is swinging from an ebbing U.S market...
We have seen an increase in new project and program starts as the economy recovers from the global pandemic, and as owners, developers and investors have more clarity. While the pendulum swings back from an ebbing market, we now face material and labor shortages in a classic case of demand growth versus constrained supply.
The current market dynamics resemble the slow recovery experienced after the recession in the late 2000s and therefore are not new to our industry. Material and labor levers are expected to keep pressuring pricing structures for various industry stakeholders.
Read about the key challenges, trends, and growth sectors in our Q2 2021 market report.
A growing number of commercial real estate developers are also turning to novel technologies to close the gap between remote and in-office workforces.