Construction Costs Steadying – Uptick Expected

We’ve seen construction prices fall as construction activity has slowed over the past year or so. Reed Construction Data is now reporting that the price is leveling. We anticipate prices to remain steady and to rise as well, driven by a pickup in activity off the lows, and because of the weak dollar.
Construction materials prices [...]

Dan Tishman from Tishman Construction on CNBC

As much as I dislike the personalities at CNBC and their bandwagon reporting, they do have meaningful guests on their shows. Daniel Tishman, CEO of Tishman Construction Company was on CNBC and had some insights.

Construction pricing has come “way down”
2010 tougher year than 2009 for construction industry
Supply constraints of product will start to push prices [...]

Generic Office Tenant Improvement (TI) Construction Costs

Sam Burkhouse, the President of TiCon Construction (408-866-1500; sam@ticon.com) has been kind enough to provide some up-to-date pricing for generic office tenant improvement costs in Silicon Valley. It should be noted that the below numbers are “high level” and actual site conditions, the size of the project, and market forces will all have an effect [...]

The Global Perspective on Construction Materials Prices

Slow down? What slow down. Construction material prices in many markets around the world continue to increase rapidly. In the UAE for example, the cost of steel has risen by about 15% this month alone, with the expectation that prices might rise a further 5% in the ensuing week.
The global demand for rebar sits at [...]

Construction Costs for Parking Stalls

In development, municipal codes and zoning generally dictate parking requirements. For most office projects, parking requirements are generally in the ratio of 3.3-4 spaces per 1,000 square feet. For most multi-family developments which have a mix of 1-3 br, ratios are generally in the 1.5-2 spaces or stalls per unit. Retail can vary greatly, as [...]

Palo Alto Mandates Green Building for Commercial Construction

Palo Alto has announced that any commercial construction greater than 25,000 square feet will require Green Building Council verification. That move makes it the first south bay city to codify green building. While many new projects coming out of the ground today seek LEED certification, the fact is that ultimately the increased expense of LEED [...]

Wachovia Issues Report on Commercial Real Estate

Wachovia issued a report earlier this month on the state of commercial real estate. Generally speaking, they are bearish on almost all asset classes. Citing a tight lending market, oil prices, slowing demand, and other factors, the anticipation is that the run up in asset prices will continue the reverse which was initiated over the [...]

Construction Costs on The Rise Again

Over the past several weeks, construction prices have climbed about 10% as the combination of a weak dollar and high crude oil prices filter their way through the economy. The weak dollar and global demand has caused base materials products to increase thereby causing an upswing in building material prices. High fuel prices further compound [...]