Archinect - News

Nonresidential construction spending ticks up slightly following February decline

2024-05-01T15:40:00-04:00

An analysis of U.S. Census Bureau data from the Associated Builders and Contractors (ABC) has shown nonresidential construction spending to have increased moderately by 0.2% in March. It follows February's decline of 1.0%. On a seasonally adjusted annualized basis, nonresidential spending now totals $1.19 trillion.

Spending was up in 10 of the 16 nonresidential subcategories on a monthly basis. Private nonresidential spending increased 0.2%, while public nonresidential construction spending expanded by 0.8%. The market for residential construction, conversely, was shown to have decreased by 0.7% over February.

"Nonresidential construction spending rebounded in March, ending a streak of two straight monthly declines," ABC's Chief Economist Anirban Basu said. "The increase was entirely due to increased public construction spending; private sector nonresidential spending dipped slightly lower in March. Despite wavering over the first three months of 2024, nonresidential spending is now...

Construction starts dip 1% in March despite encouraging signs in the residential sector

2024-04-26T13:56:00-04:00

Construction starts for March have dropped by 1% to a seasonally adjusted annual rate of $1.06 trillion, according to the latest figures released in Dodge Construction Network's new Construction Starts Index.

For the month, nonresidential building starts went down 9%, while nonbuilding starts dipped another 7%, and residential starts were up by 1%. On a year-to-date basis, the total number of all starts was up 13% compared to the same three-month period in 2023. Residential starts increased by 24%, while nonbuilding starts gained 16%, and nonresidential building starts went up by 2%.

“The construction sector has hit a soft patch to start 2024,” Richard Branch, the chief economist for Dodge Construction Network, said. “However, this should not be overly surprising given high rates and restrictive credit. There are bright spots though, as single-family starts are moving higher and federal dollars are lifting nonbuilding starts. The recent hot inflation readings likely mean that rate...

March Architecture Billings Index declines significantly due to inflation and supply chain issues

2024-04-24T13:23:00-04:00

The AIA/Deltek’s latest Architecture Billings Index (ABI) for the month of March has posted a decline to a score of 43.6. The new figures indicate a reversal of February’s “most modest easing.”

The AIA says: "This shows that clients are interested in starting new projects but remain hesitant to sign a contract and officially commit to those projects. However, most firms report that they still have strong project backlogs of 6.6 months, on average, so even with the ongoing soft patch, they still have work in the pipeline."

There were a number of revealing statistics included in the ABI report, which recorded responses from a special practice questions survey, including (among others) the ease at which design contracts are being negotiated when compared to the experiences of firm leaders within the industry just 4 to 5 years ago. 46% now report having a "more challenging" time negotiating their design fees versus the pre-pandemic time period, with another 14% saying that it was "much...

North American crane count drops 18% year-over-year

2024-04-14T08:00:00-04:00

Rider Levett Bucknall’s (RLB) latest crane count index report, a key indicator of economic activity in major sectors, has shown a marked decrease in the overall count from its previous edition. Calgary, Las Vegas, and Los Angeles have seen an increase in crane counts, with the majority (73%) active at either residential or mixed-use projects. However, on a year-to-year basis, the count is down 18% (a difference of 94 cranes) and another 9% when compared to its previous Q3 edition.

Conversely, Boston, Chicago, Denver, New York City, Portland, San Francisco, and Washington, DC have seen decreases in excess of 20%, while totals for Honolulu, Phoenix, Seattle, and Toronto have remained steady.

RLB states: "Despite the continued downturn in cranes, we remain cautiously optimistic. Ongoing investment in manufacturing and infrastructure will help offset any decline in privately funded projects in 2024. Overall, construction spending will be driven by public funding for manufacturing and in...

Construction input prices climb 0.4% in March

2024-04-12T11:42:00-04:00

A new analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data from the Associated Builders and Contractors (ABC) has shown an increase in the cost of construction input prices of 0.4% for March.

In the month, nonresidential construction input prices increased by 0.4%. Both overall and nonresidential construction input prices are 1.7% higher than they were a year ago.

The overall increase came despite declines in the cost of energy inputs, with natural gas prices down 37%, unprocessed energy materials down 6.9%, and crude petroleum down 0.8%.

Chart credit: Associated Builders and Contractors

“There has been growing evidence of resurfacing inflationary pressures in the nation’s nonresidential construction segment during the past two months,” said ABC Chief Economist Anirban Basu. “Were it not for declines in energy prices, the headline figure for construction input price dynamics would have been meaningfully higher. A new set of supply chain issues is emerging,...

Dodge Momentum Index continues to decline in March due to office, hotel, and education planning slowdown

2024-04-08T12:46:00-04:00

The latest Dodge Momentum Index (DMI) information for March has shown a continued decrease in economic activity, dropping 8.6% to a new score of 164.0 from February's revised total of 179.5.

Over the month, commercial planning fell 3.2%, while institutional planning dropped 17.2%. The decline in commercial performance is attributed by Dodge Construction Network to slow growth in office and hotel planning, while the institutional sector decline is linked to a decline in education planning.

“While strong market fundamentals should support institutional planning this year, this side of the Index is more at risk for a substantive correction after last year’s growth,” explained Sarah Martin, associate director of forecasting for Dodge Construction Network. “Much of the decline on the institutional side is credited to lower levels of education planning. Between February 2023 and February 2024, life science and R&D laboratory projects account for roughly 34% of education planning value, wi...

Nonresidential construction spending declines 1.0% for February, according to new ABC analysis

2024-04-03T12:53:00-04:00

Spending on nonresidential construction declined 1.0% in February to a seasonally adjusted total of $1.179 trillion, according to an Associated Builders and Contractors (ABC) analysis of data published this week by the U.S. Census Bureau.

The figures showed a decrease in spending for 15 of the 16 nonresidential subcategories on a monthly basis. Private nonresidential spending fell 0.9%, while public nonresidential construction spending was down 1.2% in February.

“Virtually every nonresidential construction segment experienced a decline in spending in February,” said ABC Chief Economist Anirban Basu. “In certain instances, the monthly decline was sharp, including health care (-2.2%), commercial (-1.9%) and water supply (-1.8%). The optimist will likely shrug off both the January and February nonresidential construction spending declines as merely reflecting winter weather. The pessimist will proclaim this release a wake-up call to contractors and an indication that higher interest r...

Construction starts fall 8% in February, driven by sharp nonresidential decline

2024-03-21T18:46:00-04:00

The total value of construction starts for February fell by 8% to a seasonally adjusted annual rate of $1.07 trillion, according to the latest data from Dodge Construction Network.

For the month, nonresidential building starts dropped 16%, while nonbuilding starts were down 3%, and residential starts fell by 2%.

For the 12 months ending February 2024, total construction starts were up 2% from the 12 months ending February 2023. Nonresidential building starts were down 2%, while residential starts were 4% lower, and nonbuilding starts were up 19% on a 12-month rolling sum basis.

“Construction activity was hit hard by higher rates and more restrictive credit standards,” Richard Branch, the chief economist for Dodge Construction Network, said in a news release. “Starts struggled over the past several months as the lagged effect of higher rates impacted projects moving forward through the planning process. Additionally, the significant deficit of skilled labor led to further delays — e...

February Architecture Billings Index softens decline, shows encouraging signs of economic turnaround

2024-03-20T12:38:00-04:00

New data from the AIA/Deltek Architecture Billings Index (ABI) for the month of February has revealed a continued decline to a new score of 49.5. The figure, however, represents the "most modest easing" since July 2023 (any score below 50 indicates a decline), suggesting an improvement over the economic downturn of last year.

"There are indicators this month that business conditions at firms may finally begin to pick up in the coming months. Inquiries into new projects grew at their fastest pace since November, and the value of newly signed design contracts increased at their fastest pace since last summer," Kermit Baker, the AIA’s Chief Economist, said of the data. "Given the moderation of inflation for construction costs and prospects for lower interest rates in the coming months, there are positive signs for future growth."

For the month, firms in the Midwest region showed a continued growth in billings for what is now the fourth out of the last five consecutive months.

February ...

Construction input prices climb 1.4% in February

2024-03-15T17:21:00-04:00

In the month, nonresidential construction input prices increased by 1.3%. Overall construction input prices are 1.5% higher than they were a year ago, while nonresidential construction input prices are a total of 1.8% higher.

The prices for softwood lumber (1.7%), concrete (0.3%), construction sand/gravel (1.0%), and insulation materials (2.1%) all rose, while a drop of 0.3% was recorded for fabricated structural steel metal products.

Chart credit: Associated Builders and Contractors

“For the last several weeks, inflation data have been coming in hotter than anticipated,” said ABC Chief Economist Anirban Basu. “This was also true for the February construction input price data, which indicated that upward price pressures are reemerging after a period of calm. Month...

Bechtel commits $7 million to American Foundation for Suicide Prevention partnership to stop construction worker suicides

2024-03-08T15:13:00-05:00

Earlier this week, engineering and construction giant Bechtel and the American Foundation for Suicide Prevention (AFSP) announced a multiyear partnership dedicated to preventing construction worker suicides.

The partnership aims to reach 500,000 U.S. construction workers over five years through industry-specific programs and resources. Bechtel has reportedly committed $7 million to the AFSP, which is the largest pledge ever received by the Foundation and the largest single donation ever made by Bechtel. The endeavor aims to combine Bechtel’s industry knowledge and AFSP’s national network, education, and prevention strategies.

As noted by Bechtel in a press release, the construction industry has one of the highest suicide rates of any profession in the U.S., with the number of suicides being almost five times higher than the number of lives lost in job site safety incidents. This is according to data from the Centers for Disease Control and Prevention and the U.S. Bureau of Labor St...

Dodge Momentum Index drops slightly for February, hampered by weak commercial planning

2024-03-07T17:12:00-05:00

The latest Dodge Momentum Index (DMI) information for February has shown a slight decrease in economic activity, dropping 1.4% to a new score of 180.5 from January’s revised total of 183.0.

Over the month, commercial planning fell 2.3% while institutional planning ticked up 0.1%. The drop in the commercial sector was caused primarily by a lag in new office planning. On the institutional side, slow healthcare and amusement planning was offset by a strong showing in the education sector to maintain a flat reading for the month.

“Weaker office and healthcare planning constrained nonresidential planning in February,” Sarah Martin, the associate director of forecasting for Dodge Construction Network, said in a press release. “However, the Index remains 25% higher than where it was just two years ago. Most other categories showed growth over the month, and Dodge remains optimistic that nonresidential planning will stay elevated throughout 2024 alongside rising confidence in 2025 market co...

World's longest suspension bridge is moving forward in Italy after decades of pushback and delays

2024-02-25T08:00:00-05:00

Construction of what would be the world's longest suspension bridge, connecting Sicily and mainland Italy over the Strait of Messina, could begin this year after the final design recently gained approval. The long-delayed project would stretch more than 10,800 feet if completed.

The controversial bridge is estimated to cost approximately $5 billion and take around seven years to build. It will feature three vehicle lanes and a central lane for rail. The structure is also designed to withstand 180-mile-per-hour winds and up to 7.1-magnitude earthquakes.

The concept has been in the works since the 1960s, and it wasn’t until 2003 that a preliminary design for it was approved. Since then, the project has experienced a cycle of being shelved and revived by various Italian governments in power. Critics of the endeavor have asserted that the bridge has been nothing more than a tool to win votes that would waste billions of dollars.

State-owned sponsor Stretto di Messina SpA (SdM) has long...

Construction input prices rise 1% for January following December drop

2024-02-23T13:59:00-05:00

The value of construction input prices increased by 1% for the month of January when compared to December’s totals, according to an Associated Builders and Contractors (ABC) analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data.

For the month, nonresidential construction input prices increased 0.9%. Overall construction input prices are now 0.4% higher than they were a year ago, with nonresidential construction materials prices another 0.7% higher.

Steel mill product input prices were up 5.4%, while construction sand, gravel, and crushed stone rose 3.3%, softwood lumber 1.1%, and concrete products 0.8%. The price of gypsum products declined by 1.3%.

Chart credit: Associated Builders and Contractors

“Construction materials prices surged in January, ending a streak of three consecutive monthly declines,” ABC's Chief Economist Anirban Basu commented on the findings. “While this represents the largest monthly increase since August 2023, input prices are essenti...

Construction starts up another 1% in January, continuing winter improvements

2024-02-22T18:29:00-05:00

The latest construction starts statistics revealed by Dodge Construction Network for January report that the total number of starts grew 1% to a seasonally adjusted annual rate of $1.16 trillion.

Nonbuilding starts rose 9% during the month, while nonresidential building starts fell by 2% and residential starts remained flat. For the year ending in January 2024, total construction starts were down 1% from the previous 12 months. Nonresidential building starts were down 5%, while residential starts were 8% lower. Nonbuilding starts were also up 17% on a 12-month rolling basis.

“Construction starts are struggling to make headway in the new year,” Richard Branch, the chief economist for Dodge Construction Network, said in a news release. “Construction starts will continue to struggle early on in 2024 as higher interest rates and tight credit standards are slowing down projects moving through the planning cycle to start. The Federal Reserve is expected to cut rates later this year. That...

January Architecture Billings Index increases slightly while soft business conditions remain

2024-02-21T13:39:00-05:00

The latest data contained in the AIA/Deltek Architecture Billings Index (ABI) for the month of January has shown a slight increase from December's 45.4 total to a new score of 46.2, signaling a continued weakening in business conditions as we enter 2024 following a year of heavy economic turbulence for the industry. (Any score below 50 indicates decreasing business conditions.)

For the month, indicators remained poor in all areas except the Midwest (which has performed well since the fall). Multifamily residential specialty firms continue to report the softest business conditions of all project types and categories. The AIA did, however, point out several other silver linings that can be taken from its report.

"This now marks the lengthiest period of declining billings since 2010, although it is reassuring that the pace of this decline is less rapid and the broader economy showed improvement in January," Kermit Baker, the AIA’s Chief Economist, said in a statement. "Firms are seeing...

New AI resource guide details tech solutions for building contractors

2024-02-15T20:36:00-05:00

The industry group Associated Builders and Contractors (ABC) has just published a new guide to AI resources for contractors working closely with architects on building projects across the U.S.

“The possibilities of AI technology may sound endless, but we must first educate ourselves on the basics, and this resource is a starting point to understand AI and its potential impact on the construction industry,” said ABC Director of Construction Technology and Innovation Patrick Scarpati, who authored the guide. “The industry has immense opportunities to evaluate how we can better deliver projects, and we can lean on AI in achieving essential goals like upskilling, workforce development, knowledge transfer, supply chain optimization, enhanced safety design and planning and much more.”

Among the tools ABC says are supposed to make the building trade more efficient, safer, and productive are Autodesk’s new Construction IQ risk analysis software, the Hypar building modeling program that let...

Drexel University researchers develop AI-guided robotic structural inspection system

2024-02-12T08:00:00-05:00

Researchers based at the Drexel University College of Engineering have devised a new method for performing structural safety inspections using autonomous robots aided by machine learning technology.

The article they published recently in the Elsevier journal Automation in Construction presented the potential for a new multi-scale monitoring system informed by deep-learning algorithms that work to find cracks and other damage to buildings before using LiDAR to produce three-dimensional images for inspectors to aid in their documentation.

The development could potentially work to benefit the enormous task of maintaining the health of structures that are increasingly being reused or restored in cities large and small across the country. Despite the relative age of America’s built environment, roughly two-thirds of today’s existing buildings will be in use in the year 2050, according to Gensler’s predictions.

Market for architectural services to reach $523.2 billion by 2030, new study projects

2024-02-09T17:09:00-05:00

A new study conducted by the group Grand View Research Inc. has indicated a likely rise in the global demand for architectural services to a market share of $523.2 billion by the end of the decade.

The study cites the rates of urbanization in countries such as Brazil and India alongside a worldwide focus on the creation of affordable housing as the main factors supporting a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030.

The development of Artificial Intelligence and Virtual Reality technologies was also indicated as pivotal factors driving growth. A demand to deliver green building designs across all sectors and design more humane and user-engaging spaces in the Healthcare, Residential, and Hospitality segments is also expected to favor business.

Urban Planning services are likewise predicted to grow to a CAGR of 6.4% over the same time period thanks to an increase in smart city projects and the threats posed by climate change on the built environment worldwide.

Rel...

January's Dodge Momentum Index increases slightly thanks to gains in the institutional sector

2024-02-08T17:14:00-05:00

The latest Dodge Momentum Index (DMI) report has shown a slight increase of 0.1% for January to a new total of 184.1, indicating an improvement over December’s revised figure of 183.9.

Over the month, commercial planning fell by 1.0%, while institutional planning improved by 2.1%. Year over year, the DMI is now 3% lower than January 2023's totals. The commercial segment was down 12% from year-ago levels, while the institutional segment was up 15% over the same period.

"Divergent trends between commercial and institutional planning continued in January, nullifying any growth on the overall Momentum Index. Nevertheless, lending standards began to loosen in January, and the Fed is expected to begin cutting rates in the back half of the year. With this in mind, momentum should resume in commercial activity throughout 2024 as owners and developers gain confidence in market conditions for 2025," Sarah Martin, the associate director of forecasting for Dodge Construction Network, said in a...

EskewDumezRipple’s latest job opening highlights the role of contracts and codes in construction

2024-02-01T08:34:00-05:00

Following last week’s look at an opening for a Project Manager at Fluidity Design Consultants, we are using this week’s edition of our Job Highlights series to explore an open role on Archinect Jobs for a Construction Contract Administrator at EskewDumezRipple.

The role, based in New Orleans, calls for an individual with an “intimate knowledge and thorough understanding of AIA Construction Contracts and requirements, applicable codes, schedule monitoring and an understanding of materials, methods, and processes of commercial construction.” Among the responsibilities for the role will be to understand and enforce the contractual obligations of all parties in the construction process, promote and ensure the design intent during the construction process, and ensure that all potentially legal and contractual matters are addressed efficiently and promptly.

British AEC groups urge government action on embodied carbon regulations

2024-01-31T19:21:00-05:00

A group of 11 AEC industry groups in the United Kingdom, including the Royal Institute of British Architects (RIBA), Chartered Institute of Building, and UK Green Building Council, have joined together in urging the government toward taking action on restricting embodied carbon emissions in the built environment ahead of an important national election that’s expected for November.

Their call endorses an amalgam of existing policy pushes while espousing lawmakers to include at least a portion of its findings into their respective manifestos with benchmarks for specific mandates and enforcements set for the end of this year, 2026, and 2028, respectively.

RIBA President Muyiwa Oki said: “Our message is clear — embodied carbon regulation is critical to reaching net zero. As built environment professionals, we understand our duty to reduce emissions and have been leading the charge. We now need urgent action from the next government to deliver a greener future that we deserve.”

Related ...

Profitability is the biggest challenge facing architecture firms in 2024, says AIA analysis

2024-01-31T12:15:00-05:00

The AIA’s chief economist Kermit Baker has offered reflections on the economic context facing architecture firms throughout 2024. Baker, who previously shared reflections with Archinect on the industry’s recovery from the COVID-19 pandemic, says that “while 2024 may indeed end up looking a lot like last year, the reasons are likely to be very different.”

Citing data from the AIA’s December 2023 Works on the Boards survey, Baker notes that the most pressing issue facing firms in 2024 will be “increasing firm profitability,” with 30% of firms in the survey indicating this to be one of their top three concerns. Other challenges cited include “managing rising costs of running a firm” and “negotiating appropriate project fees.”

“Another set of challenges for the year are about a weakening project workload and concerns over how clients are dealing with economic uncertainty,” Baker notes in his new piece for the AIA. “So, while having more work than a firm could easily manage given staffin...

December Architecture Billings Index declines slightly to cap a challenging economic year for firms

2024-01-24T12:38:00-05:00

The new December Architecture Billings Index from the American Institute of Architects has shown a continued decline in business conditions to end the year 2023. The new index score of 45.4 was essentially left flat from November’s totals (any score below 50 indicates a decline) though there remained a few encouraging statistics within the production pipeline.

The findings cap a difficult economic year for architecture firms, which experienced suppressed conditions in all sectors (especially multifamily residential) for the balance of the year. The AIA says additionally that most firms report projects have been significantly delayed, put on hold, or even canceled in the past six months. On average, the report states, nearly 30% of projects have fallen into one of these categories.

“Billings at firms declined for eight months of the year, and the last four months saw this overall weakness accelerate,” Kermit Baker, the AIA’s Chief Economist, said. “Fortunately, project backlogs at fi...

Construction sector will weaken across 2024 and 2025, says AIA

2024-01-23T11:29:00-05:00

Spending on nonresidential buildings will see a minor 4% increase in 2024 despite a 20% increase in 2023, according to the AIA’s latest Consensus Construction Forecast. In 2025, meanwhile, the pace is expected to slow to just over 1% growth.

Across key sectors, manufacturing construction will see a 10% increase in 2024, while institutional construction will see mid-single-digit gains over the next two years. Spending on commercial construction is expected to be flat for the next two years.

The strong performance of manufacturing construction continues from 2023, where it accounted for almost 30% of overall spending on nonresidential buildings. Last year also saw spending on offices increase by 8%, while hotels increased by 21% and retail and other commercial facilities increased by 7%. Elsewhere, healthcare and education spending both rose by 13%.

Extract from the AIA's latest Consensus Construction Forecast. The interactive data is available to view here.

In analyzing the strong per...

Construction starts climb 20% in December

2024-01-19T16:46:00-05:00

The latest data from Dodge Construction Network has shown an impressive 20% growth in new construction starts to a seasonally adjusted annual rate of $1.2 trillion for the month of December, offering encouraging statistics for the industry in a turnaround from November’s ten-month low.

For the latest month, nonresidential building starts were up 37%, while the residential and nonbuilding sectors improved by 8% and 13%, respectively. For the full year ending in December, total construction starts were down 4% compared to the previous 12-month cycle.

Graphic courtesy of Dodge Construction Network

“Construction starts ended the year on a positive note,” Richard Branch, chief economist for Dodge Construction Network, said in a statement. “Looking ahead, the new year provides promise that positive momentum will continue to build. The planning queue is stabilizing, and the promise of lower rates should spur construction onward. While hurdles remain, including scarce labor and tight credit,...

Residential construction activity declined in 2023, according to new census data

2024-01-19T11:42:00-05:00

Building permits and construction starts for residential projects in the United States declined by approximately 10% in 2023 versus 2022, according to new data by the U.S. Census Bureau. An estimated 1,469,800 housing units were authorized by building permits in 2023, which is 11.7% lower than in 2022. An estimated 1,413,100 housing units were started in 2023, which is 9% lower than the 2022 figure.

In December 2023, the U.S. saw 1,495,000 building permits issued for privately owned housing units, which is 1.9% above the previous month, and 6.1% above December 2022. Specifically, single-family home permit grants were 1.7% above the previous month, while authorization of units in buildings with five units or more was up 1.3% on the previous month.

Image credit: U.S. Census Bureau

With regards to housing starts, December 2023 saw commencement on 1,460,000 units, which is 4.3% below November 2023 but 7.6% above December 2022. Single-family housing starts numbered 1,027,000 units, which ...

Construction input prices drop again for December, driven by declines in all sectors

2024-01-16T14:43:00-05:00

The latest Associated Builders and Contractors (ABC) construction input price analysis for the month of December has registered a 0.6% decrease over November’s trend-reversing totals. Nonresidential construction input prices were down another 0.4%, with the commercial and multifamily sectors declining by 0.2% and 0.5%, respectively.

Overall construction input prices are now 1.2% higher than a year ago, and nonresidential construction input prices are another 1.6% higher. The price of softwood lumber has notably fallen by 14.6% in a 12-month span, joined by a substantial decline in the price of natural gas, which was down some 60.5% in the same time period.

Chart credit: Associated Builders and Contractors

“Construction input prices fell sharply in December,” ABC’s Chief Economist, Anirban Basu, said in a news release. “While plunging oil prices are the primary factor behind the sharp decline, most input prices were tame in 2023’s final month. That serves as a fitting end to a year du...

December's Dodge Momentum Index increases by 3% thanks to commercial sector gains

2024-01-12T12:32:00-05:00

The latest Dodge Momentum Index (DMI) has posted an increase of 3% for December to a new total of 186.6, showing a marked improvement over November’s revised figure of 181.5.

For the month, commercial planning grew 1.0%, and institutional planning improved 6.1%. Hotels and data centers were the primary drivers of the sector, while the institutional sector was propelled by healthcare and public buildings. Overall, the commercial sector was down 9% from 2022, while the institutional sector was up 14% over the same time period.

“The Momentum Index ended the year 11% below the November 2022 peak, ultimately stabilizing as the year progressed. Regardless, the DMI averaged a reading of 184.3 in 2023, hitting levels of activity that haven’t been recorded since 2008,” Sarah Martin, the associate director of forecasting for Dodge Construction Network, said in a statement. “While ongoing labor and construction cost issues will persist in 2024, a substantive amount of projects are sitting in ...

New York City’s busiest architecture firms of 2023 ranked by The Real Deal

2024-01-08T12:10:00-05:00

Real estate website The Real Deal has compiled a list of the busiest architecture firms in New York City across 2023. The ranking sees architects listed based on their role as architects of record for permit applications filed for new buildings and renovations measuring more than 5,000 square feet across 2023.

“Despite the office market’s bleak outlook, some of the city’s busiest architecture firms were those that specialize in workplace design,” The Real Deal noted.

Under the rankings, both Gensler and RAND Engineering & Architecture are found to be the busiest in the city, with 60 projects filed each. TPG Architecture occupies the third spot with 44 projects, followed by NY Restoration Technology Corp with 41 projects.

The list is rounded out by Arquitectura Valera, Rogers Calvanico Group, Gerald Caliendo Architects, Loffredo Brooks Architects, Curtis + Ginsberg Architects...