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Speed to market is biggest obstacle for burgeoning data center construction sector

BD+C

After a relatively soft investment year in 2020, spending on data center infrastructure globally is expected to rebound strongly next year, by 6% to $200 billion, according to the market research firm Gartner.

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Don't expect Big Tech's economic crunch to slow the pace of data center construction, experts say

Archinect

Despite the amount of blood on tech firms’ payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources. Google and Meta continue to be big drivers as demand is simply outstripping cost concerns.

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Rental apartment construction in the U.S. is at a 50-year high

Archinect

million units will have been built and brought to the market. According to RentCafe’s analysis of Yardi Matrix data, the number of deliveries is expected to remain high until 2025, at which point the impact of current economic uneasiness will filter through to construction. this year, meaning that over the past three years, 1.2

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An updated study led by Gensler tracks progress of office-to-residential conversion data

Archinect

The data report has been updated to reflect changes in office conversions. This is a decrease from the 33% figure that was reported in January as Gensler began marketing its proprietary metric of office conversions.

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New York City’s busiest architecture firms of 2023 ranked by The Real Deal

Archinect

“Despite the office market’s bleak outlook , some of the city’s busiest architecture firms were those that specialize in workplace design,” The Real Deal noted.

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The proliferation of data centers is turning Virginia into ‘the Commonwealth of Amazon’

Archinect

Amazon in January signed a $35 billion contract to build new data centers across Virginia, a deal so sizable a detractor disappointed at the incentives being thrown at the tech giant said, “We might as well start calling it the Commonwealth of Amazon.” The real scope of the epoch could be much longer.

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New statistics detail the coming surge in apartment conversions nationwide

Archinect

New economic reporting compiled by Yardi Matrix suggests that apartment conversions will yield 122,000 or more new units in the United States in the coming years despite a recent turndown that’s been recorded in the market since January 1st.