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The Dodge Momentum Index continues to rise, with a 6% increase in April, taking it to 164.8, up from the revised March reading of 155. Commercial planning rose 9%, while institutional planning moved 2% higher. This gain in April has moved the Dodge Momentum Index just 5% short of the all-time high... View full entry
The Dodge Momentum Index moved up another 4% in March to 166.9 from the revised February reading of 160.3. Last month, commercial planning rose 7%, while institutional planning fell by less than one percent. Commercial planning in March was just slightly lower than the all-time high set in... View full entry
In February, the Dodge Momentum Index increased 4% to 158.2 from the revised January reading of 151.9, marking a rebound from three consecutive monthly declines that followed a 14-year high in October 2021. Last month, institutional planning rose 9% and commercial planning moved 1% higher. The... View full entry
2022 is speeding along, and with March quickly approaching, this means another Dodge Construction Network report has been released. In January, total construction starts increased 4% to a seasonally-adjusted annual rate of $923.4 billion. Nonresidential building starts increased 4% and nonbuilding... View full entry
The Dodge Momentum Index has continued to fall in January, yielding a 7% decline to a four-month low of 152.9 from the revised December reading of 163.7. Commercial planning fell 9% and institutional planning fell 1%. Previously on Archinect: Dodge Momentum Index declines in November, remains near... View full entry
2021 was a year where form continued to follow finance. Throughout the year, our coverage included many examples of the world’s largest architecture firms designing for some of the world’s largest companies. From sleek corporate headquarters to “work-and-play” tech campuses, such projects... View full entry
The latest edition of the Dodge Momentum Index indicates a 4% decrease in November from October. Commercial planning fell 8% while institutional planning moved 5% higher. The value of nonresidential building projects continues to move in a sawtooth pattern, in which month-by-month measures... View full entry
Non-residential building projects entering planning stage across the United States are showing strong signs of recovery, according to data from Dodge Construction Network. The latest iteration of the Dodge Momentum Index notes a 10% increase in non-residential building projects in planning through... View full entry
As commercial and office real estate markets continue to be upended by societal shifts touched off by the COVID-19 pandemic, some economists are looking to these now under-utilized spaces as potential avenues for bringing additional housing supplies online in American cities. Previously on... View full entry
“This is an opportunity to think in new ways, but people will still want to live close to transit,” [Dr. Richard J. Jackson] said.
The challenge for developers will be marrying density with safety, which will now require an interdisciplinary approach [...]
— The New York Times
The New York Times takes a look at the potential impact the coronavirus pandemic could have on the future of transit-oriented development in the United States. Transit use has fallen drastically during the lockdown period, while many high-profile figures, including New York Governor Andrew Cuomo... View full entry
OMA was commissioned by Australian retail developer Sandhurst Retail to design the mixed-use Wollert Neighborhood Center in the suburb of Wollert, which is about 25 kilometers (about 15.5 miles) north of Melbourne's Central Business District and is one of the fastest growing regions in the state... View full entry
As more people order food to eat at home, and as delivery becomes faster and more convenient, the apps are changing the very essence of what it means to operate a restaurant.
No longer must restaurateurs rent space for a dining room. All they need is a kitchen — or even just part of one.
— The New York Times
Food delivery apps like Uber Eats, DoorDash, and Grubhub are reshaping the $863 billion restaurant industry in the United States, according to The New York Times, as delivery-only "virtual restaurants" take off. The New York Times reports that over 4,000 virtual restaurants and "ghost... View full entry
The hypothetical Retail Apocalypse should be supported by a decline in the total retail establishments, but that's not the case. The Bureau of Labor Statistics (BLS) reported 1,044,509 establishments for 2018, for a net gain of 2,413 establishments over 2017 (1,042,096). The 2018 figure also represents a net gain of more than 20,800 establishments since a retail trough in 2011, a low point resulting from the Great Recession. — Congress for the New Urbanism
Sharon Woods, CEO of real estate consultant group LandUseUSA, writes in Public Square, a journal produced by the Congress for the New Urbanism (CNU) presents an opposing, data-driven view of the future of America's retail landscape. Woods writes, "The future for brick-and-mortar retail... View full entry
Commercial-property prices in major cities around the world tumbled in the second quarter, amid signs of slower global growth and heightened trade tension between China and the U.S.
Average property prices fell in the second quarter from the first quarter in Hong Kong and Seoul to London and Washington, D.C., according to data from Real Capital Analytics.
— The Wall Street Journal
The Wall Street Journal reports that Melbourne, central Sydney, Seoul, Singapore, Paris, London, Chicago, and Washington, D.C. all saw a retreat in commercial real estate property values during the second quarter of 2019. The trend applies to struggling sectors like office buildings and malls. View full entry
The Department of City Planning studied commercial corridors in 24 neighborhoods across the five boroughs and concluded that while shuttered storefronts plague some of the city's richest and poorest areas, the phenomenon is far from a pandemic.
"There is no single dominant trend in retail in New York City," the survey asserts. "Data did not indicate a pervasive vacancy problem across the city, but did identify a number of high-vacancy corridors."
— Crain's New York
