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K-12 Schools

Average age of U.S. school buildings is just under 50 years

The average age of a main instructional school building in the United States is 49 years, according to a survey by the National Center for Education Statistics (NCES). About 38% of schools were built before 1970. Roughly half of the schools surveyed have undergone a major building renovation or addition.


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Industry Research | Apr 25, 2023

The commercial real estate sector shouldn’t panic (yet) about recent bank failures

A new Cushman & Wakefield report depicts a “well capitalized” banking industry that is responding assertively to isolated weaknesses, but is also tightening its lending.

Self-Storage Facilities | Apr 25, 2023

1 in 5 Americans rent self-storage units, study finds

StorageCafe’s survey of nearly 18,000 people reveals that 21% of Americans are currently using self-storage. The self-storage sector, though not the most glamorous, is essential for those with practical needs for extra space.

Contractors | Apr 19, 2023

Rising labor, material prices cost subcontractors $97 billion in unplanned expenses

Subcontractors continue to bear the brunt of rising input costs for materials and labor, according to a survey of nearly 900 commercial construction professionals. 

Data Centers | Apr 14, 2023

JLL's data center outlook: Cloud computing, AI driving exponential growth for data center industry

According to JLL’s new Global Data Center Outlook, the mass adoption of cloud computing and artificial intelligence (AI) is driving exponential growth for the data center industry, with hyperscale and edge computing leading investor demand.

Market Data | Apr 11, 2023

Construction crane count reaches all-time high in Q1 2023

Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.

Market Data | Apr 6, 2023

JLL’s 2023 Construction Outlook foresees growth tempered by cost increases

The easing of supply chain snags for some product categories, and the dispensing with global COVID measures, have returned the North American construction sector to a sense of normal. However, that return is proving to be complicated, with the construction industry remaining exceptionally busy at a time when labor and materials cost inflation continues to put pricing pressure on projects, leading to caution in anticipation of a possible downturn. That’s the prognosis of JLL’s just-released 2023 U.S. and Canada Construction Outlook.

Multifamily Housing | Apr 4, 2023

Acing your multifamily housing amenities for the modern renter

Eighty-seven percent of residents consider amenities when signing or renewing a lease. Here are three essential amenity areas to focus on, according to market research and trends.

Sustainability | Apr 4, 2023

NIBS report: Decarbonizing the U.S. building sector will require massive, coordinated effort

Decarbonizing the building sector will require a massive, strategic, and coordinated effort by the public and private sectors, according to a report by the National Institute of Building Sciences (NIBS).

Multifamily Housing | Mar 24, 2023

Average size of new apartments dropped sharply in 2022

The average size of new apartments in 2022 dropped sharply in 2022, as tracked by RentCafe. Across the U.S., the average new apartment size was 887 sf, down 30 sf from 2021, which was the largest year-over-year decrease.

Office Buildings | SMMA | Mar 20, 2023

Untraditional ‘Back To Work’ survey results for designers' insights

SMMA shares the results of its "Back To Work" survey, with respondents from multiple industries weighing in on return-to-office pros and cons. 

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