have also increased due to labor and material expenses. Rental vacancy rates remain low, indicating a high demand for affordable rents. Population growth continues to fuel the need for new residential and commercial buildings. Infrastructure construction, particularly in the transportation sector, is als...
Like many industries, the construction industry in Australia is forecast to see the labour shortage get worse before it gets better, as we continue into 2023. There were considerable (and unprecedented) reasons that triggered the high demand for skilled and specialised workers. For one thing...
2023 & 2024 Trukey Commercial Construction market trends report includes a forecast to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
with the vacancy in the CBD continuing its downward trend for the fourth consecutive quarter. The vacancy rate decreased from 18% at 2021 year-end to 16.1% in 2022 mid-year. As occupier demand for quality space remains healthy, availability in premium office buildings continued to be limited ...
Electrosynthesis of urea from nitrite and CO2 over oxygen vacancy-rich ZnO porous nanosheets. Cell Rep. Phys. Sci. 2, 100378 (2021). Article CAS Google Scholar Saravanakumar, D., Song, J., Lee, S., Hur, N. H. & Shin, W. Electrocatalytic conversion of carbon dioxide and nitrate ...
Other factors that determined the health of the industry in the 1990s included: interest rates, which reached lows in the mid 1990s and were remained relatively friendly to borrowers on into the new millennium; high commercial vacancy rates, which kept the lid on new office and retail development...
the project. Although much of the job is office based, estimators are required to liaise with architects, clients, surveyors and a whole range of construction staff. Visiting and negotiating with clients, colleagues and other key industry members can help you to accurately forecast construction ...