Puget Sound Construction Leaders Turn
To Technology To Address Labor Shortage
Seattle's construction boom has created thousands of jobs for local construction workers, but are there enough people to fill them? One local firm offers a way for construction companies to work smarter and more efficiently, using technology to address the labor shortage.
As the demand for trained labor increases, contractors are seeking innovative ways to recruit new hires and make job sites more efficient.
Industry insiders at Bisnow's recent Future of Downtown Seattle event reported worker numbers are so tight, it is a…
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More On the Construction Labor Shortage
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Construction Lenders Get Creative To Fund Projects, Reduce Risk During The Labor Shortage
Rising construction costs and competition for high-quality labor have shifted how borrowers and lenders finance projects. While construction firms are focusing on retention and improved job safety, financiers and borrowers are shifting their efforts to accommodate the rising construction costs and to lock in quality labor.
Construction costs continue to rise each year. On an annual basis, labor costs are increasing by 1.9% to 2.9% while bulk materials are increasing by 4.7% to 5.7% annually, according to Compass International.
The Turner Building Cost Index, which considers labor…
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Your Workplace, On-Demand: 5 Predictions For The Future Of Work
How the rise of the nomadic creative class will transform where, when and how we work. Physical offices have always defined the working experience. But with the rise of mobile technology and the sharing economy, the tables have turned. A growing millennial workforce has shattered the traditional model of assigned desks and the nine-to-five. People can work from anywhere, at any time, and that has commercial landlords rethinking asset ownership.
Offices of the future will need to be community gathering spaces, places where companies can attract and develop talent. Buildings will become smarter, integrating with personal devices to anticipate user demand. Owners will also have to adapt as shorter leases become the new normal, as company policies shift from always present to always connected.
Download this white paper by Ryan Simonetti, co-founder and CEO of Convene, to find out how you can survive.
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Catching Fire: 6 Retailers Embracing The Showroom Concept
The retail world is changing and so too is the shopping experience.
Nordstrom recently announced its new concept store, Nordstrom Local, which is set to open in Los Angeles next month. This brick-and-mortar store is a bit different than the others that have come before it. This one will operate with no inventory.
Nordstrom is not alone. These six retailers have also tried their hands at the showroom concept store, according to StreetFight.
1. Bonobos
One of the early adopters, Bonobos launched its Guideshops in 2015. The e-commerce brand offers a limited variety of its…
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VIDEO: What Do Uncertain Times Mean For The Future Of CRE Finance?
Times are changing, and with that change comes uncertainty. The rise of short-term interest rates, concerns around overbuilding and affordable housing and turnovers in government administration have led to doubts about the future of the commercial real estate financial marketplace. But in many ways the market is stronger than ever, and there are more opportunities to grow portfolios across multiple asset classes all across the country.
Bisnow partnered with KeyBank to discuss current market trends and show smart CRE professionals how they can take advantage of the current landscape.
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Building Boom: 10 Cities Approving The Most Multifamily Permits
New apartment construction in the U.S. is set to reach a 20-year high as millennials and baby boomers continue to drive demand.
At least 345,000 apartment units are expected to come online this year, but will multifamily building continue at this breakneck pace?
One way to determine this is to look at the number of multifamily permits cities are approving.
Click here to read the full story. |
5 Repurposed Mines And Quarries That Will Blow Your Mind
Mines eventually run dry, but the holes and caverns left behind can serve as stable frameworks for the right kind of reuse.
Across the globe, limestone and salt mines and rock quarries that long outlived their original intentions are being repurposed into tourist attractions, data centers, nature parks and hotels. Here are five examples.
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