Construction Spending

The Latest

Average construction costs jumped nationally year-over-year

by Kathryn Brenzel | April 16, 2018 02:30PM

Average construction costs across the U.S. rose 4.2 percent last year, with Los Angeles logging the largest uptick, according...

Developers are bracing themselves for the burn of Trump’s metal tariffs

by Rich Bockmann | April 09, 2018 07:30AM

From the April issue: New York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal...

Construction starts picked up in 2017, thanks to large institutional and public works projects

February 05, 2018 11:00AM

Construction starts picked back up again last year, totaling $37.78 billion on the back of public works and institutional projects. That was the second-highest...

Here’s a look at some of NYC’s biggest commercial projects in the pipeline

by Rich Bockmann | January 19, 2018 07:30AM

From the January issue: With office towers rising on the Far West Side and logistics super-warehouses being built on Staten...

The shakedown: How neighboring landlords can profit from new developments

August 08, 2017 03:00PM

A precedent-setting court ruling from last year has opened the floodgates for landlords to demand “ransom” payments from adjacent...

Building Billionaires’ Row: Why developers call Lendlease when they want to go glitzy

by Kathryn Brenzel | July 19, 2017 07:00AM

UPDATED, 11:18 a.m., July 19: Though only three years old, One57 is kind of like the grandfather of Billionaires’ Row. Extell Development’s supertall was...

NYC construction industry generated $66B in 2016: report

by Kathryn Brenzel | May 23, 2017 07:00AM

The construction industry in New York City generated $66.3 billion last year, thanks in large part to a record...

High construction wages, material costs make NYC the world’s most expensive place to build: report

by Kathryn Brenzel | May 17, 2017 02:50PM

New York City isn’t just the most expensive place to build in the world — it’s also one of the most “overstretched” in terms...

Construction spending pushes de Blasio’s budget up by $6B

April 27, 2017 04:15PM

Mayor Bill de Blasio’s capital budget for the city jumped 7 percent since January, thanks to an extra $6...

How the city built libraries at $930 psf … and years behind schedule

April 10, 2017 03:20PM

A city agency designed to streamline capital projects actually doubled the cost of new libraries and cultural centers between...