Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
City Construction City Construction

Construction Insights

Spring 2024

The construction sector continues to face challenges in 2024. Both construction and commodity costs have generally stabilized, but labor costs continue to apply upward pressure to overall costs. Despite a decline from its recent highs, the U.S. inflation rate has yet to reach desired levels, which implies that interest rates will remain elevated for an extended period. This situation continues to complicate and increase the cost of financing; however, robust fundamentals and demand for select markets and asset types ensure that companies will continue to plan projects.

The Construction Insights – Spring 2024 report External Link provides insights into the key factors that influence the U.S. construction sector in 2024, empowering you to make informed decisions for your organization throughout the year.

Key Takeaways:

  • Globally, supply chain stress has receded from peak levels, but geopolitical tension is applying slight upward pressure.
  • Construction and commodity cost increases have decelerated but remain elevated.
  • Labor constraints persist in the sector, making it difficult to fill open positions and resulting in extended project timelines.
  • Equipment lead times have eased, but some in-demand systems remain extended, which may be a new normal.
  • Construction pipelines for industrial and office construction have fallen from peak levels, while retail construction remains restrained.

Download the full report External Linkto stay informed on the dynamics influencing the U.S. construction industry in 2024. 

Insights in your inbox
Subscribe to get our latest research, thought leadership, insights, and news.

Related Insights

Lorry unloading at warehouse
Research • Supply Chain

UK Logistics & Industrial Outlook

The UK Logistics & Industrial National Outlook report analyses quarterly UK industrial and logistics property activity across the UK including demand, market supply and pricing trends with an outlook to future trends in this property sector. 
Edward Bavister • 7/23/2024
Research • Workplace

Experience per Square Foot Instant Insights

Welcome to our monthly Experience per Square FootTM Insight page. The goal of our Total Workplace Research & Innovation Team is to keep you informed about the latest trends in the dynamic commercial real estate industry. Each month, we will present our own insights and in-depth examination of emerging shifts that can help you make informed real estate decisions.
Research • Construction

Industrial Construction Cost Guide

An essential tool to guide capital expense decisions for industrial real estate.
Brian Ungles • 5/29/2024

Related Services

Global Occupier Services

Future-proof your portfolio. Create inspiring on-site experiences. Unlock the potential of your real estate.

Learn More
Project & Development Services
Your real estate decisions go beyond space, cost and schedule. Our team will supply the expertise and data for effective decision-making and provide the best and most effective construction project delivery.
Learn More
Total Workplace Consulting
Total Workplace consulting brings together thought leadership, strategy, and guidance to help both occupiers and investors to address how work is changing, where people live, work and play, and what the implications are for real estate.
Learn More

Ready to talk?

Our professionals are ready to provide further details on this and many other topics.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All