Building Dimensions
Multifamily and senior housing design-build trends for 2023
Follow these multifamily and senior housing design-build trends to increase occupancy Demand for multifamily units remains high While Dodge Data expects multifamily starts to decrease 9% from 796,000 last year to 723,000 units in 2023, vacancy rates were at a five-year low at the end of last year, and demand remains high. The economy is…
New guide details every step of commercial construction process
With DBS Group, you get so much more Most entities don’t undertake commercial construction projects every day. But DBS Group does. We’ve been through every (detailed) step of the way — from having an idea to cutting the ribbon on the finished project — countless times. And we can manage every aspect of your project…
Retail design-build trends shifting in 2023
Retail construction expected to grow in 2023 Experts predict greatest opportunities in brick-and-mortar locations A year ago, the retail sector was rebounding nicely from pandemic lows. In fact, retail construction starts hit $19.4 billion in 2022, a 31% increase over 2021, according to Construction Dive. Despite the doubt, PwC anticipates an uptick in retail investment…
Hospitality industry trends show rebound
Hospitality trends show industry nearing prepandemic levels Hotel construction trends show promise for 2023 While hotel starts in 2023 will show tepid growth due to the overall economy, the industry is rebounding. In 2022, RevPAR reached record highs, exceeding prepandemic levels, and room starts increased 37.6% after three years of decline. And for 2023, STR…
Industrial building outlook shows shifting opportunities this year
Expect changes in industrial development this year The pandemic continues to significantly impact the industrial building outlook, primarily due to resulting supply chain issues. That portends a mixed bag of opportunities and a noteworthy shift in 2023. Warehouses As companies began holding more extensive inventories to safeguard against future supply chain issues in 2021,…
Emerging BIPOC developer funds open new opportunities
For aspiring BIPOC developers, opportunities for funding, training are growing Inequities in capital available for real estate developers of color have been significant historically. But these days, there’s cause for excitement as funding opportunities and initiatives aimed at emerging developers are growing in scope and number. These investments are pouring in from myriad sources, from…
Green building mandates are on the horizon
Commercial property owners, developers and contractors must prepare Hardly a day goes by when headlines don’t touch on issues related to our environment. Whether it’s concerns about water supplies, air quality, waste or energy efficiency, the challenges presented to us in our modern world and how we balance these challenges with our building and infrastructure…
Is senior living development ready for the small time?
When it comes to senior living development opportunities, thinking small may pay off big With the impending gray wave, developers are well aware of the big opportunities available to those willing to build the future of senior living. But what many investors and developers may not realize is there are also big opportunities in smaller…
7 Factors driving 2023 design-build trends
Design-build and commercial development opportunities reflect pandemic effects Looking ahead to 2023, we continue to see pandemic reverberations in commercial construction. Clearly, pandemic-era decisions take much of the blame for today’s economic uncertainty, inflationary pressures and supply chain issues. But they also take credit for movements toward well-being and restoration — themes that carry through…
Fed rate hikes and commercial construction
Here’s what the Federal Reserve’s move means for commercial builds and renovations In December 2022, the Federal Reserve approved another rate hike of one-half of a percentage point. And while the Fed is signaling that the hikes may soon slow though as it’s premature to suspend increases, a key question remains for commercial building owners…