Tag: struggle
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CBD Office Markets Struggle with Persistent Vacancies
As office demand continues to shift, central business districts face ongoing headwinds, according to our latest office report. CBD properties remain under pressure as leases roll and construction slows. CBD vacancy now stands at 19.2%, up 730 basis points since early 2020. To compensate for decreasing demand, CBD listing rates have dropped nearly 30% below pre-pandemic levels. On a national level, the average vacancy rate climbed to 19.7% in April, up 140 basis points…
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Grand Designs couple struggle with ambitious ‘floating home’ built on water
In the latest episode of Grand Designs Kevin Mccloud meets a couple who have the idea to create a “floating home”. Howard and Sarah’s idea was to build a house on water, designed to adapt to rising tides and changing water levels. However, the reality of constructing such a unique structure came with several unexpected…
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Large construction firms expand backlogs as smaller firms struggle
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog declined to 8.3 months in February, down about 1% from January, according to an Associated Builders and Contractors survey conducted from Feb. 20 to March 5. Work in builders’ pipelines fell for contractors…