The 5 Contech Trends That Will Power Jobsites in 2022

From data usage to 3D printing, construction technology is poised to blast off this year. The construction industry had a challenging but positive year in 2021, and the growth of construction technology has been one of the bright spots. With the pandemic

Steel & Lumber Prices Raise Costs but Don’t Dent Robust Construction Pipeline

High demand and limited supply have led to dramatic increases in domestic steel and lumber prices this year, significantly increasing the cost of commercial real estate development. By early May, both steel and lumber prices had more than tripled since late

State and Municipal Agencies Expand Use of Cloud Construction Oversight

As state agencies wait on a possible infrastructure bill from the Biden administration, many are better prepared than they were a decade ago to manage hundreds of billions of dollars in new work. The Federal Highway Administration incentivized state DOTs to

8 Construction Industry Trends to Watch in 2021

2020 has been undeniably a devastating year for everyone and every field.  The lockdowns, quarantines, social distancing, and the casualties caused by the virus has shaken humanity beyond imagination. Although the construction sector faced a significantly

Public Storage has acquired 24 properties with 2.3 million square feet of space from Beyond Self Storage in the first phase of a 36-property portfolio transaction totaling 3.6 million square feet and valued at $528 million. The first phase includes existing

Self Storage Rents Continue Strong Rebound

Self storage continued to prove its resilient nature in October, with significant improvement in street rate performance across the U.S. On a year-over-year basis, street-rate rents increased 2.7 percent for the average 10×10 non-climate-controlled and 0.8

Mixed Retail-Industrial Uses Present a New Opportunity for Investors

In commercial real estate, the impact of the coronavirus pandemic and related shutdowns has led to profound and seismic shifts. To some extent, those shifts reflect an acceleration of trends that were already underway. One of the most noteworthy of those is

Amazon Signs Large Warehouse Lease in Red Hook

Amazon has closed on a warehouse lease at Thor Equities’ industrial development in Red Hook, Commercial Observer has learned.  The e-commerce giant signed a 20-year lease for 311,796 square feet at 280 Richards Street, an industrial development on the