Blogs

Commercial construction costs hinge on two primary categories: materials and skilled labor. Therefore, when both are in short supply and more expensive, already small profit margins contract even further. To counteract rising costs, many CRE firms simply raise their prices—which could further negatively affect the industry. First, there was Covid-19. Then came widespread labor shortages. Supply chain collapses saw rising commercial construction costs dig into profit margins worldwide. And now—to top it all off—there’s inflation. Rising steel prices, peaking at nearly $2,000/ton have affected...
With the Biden Administration’s recently signed Infrastructure Investment and Jobs Act (IIJA) coming into law, $1.2 trillion will find its way into many new projects over the next several years. While infrastructure investments won't happen overnight, congressional task forces are hearing bids to allocate funding to the most in-need communities. Here's what CRE developers need to know now to get a head start. On November 15, 2021, the Biden Administration signed the Infrastructure Investment and Jobs Act (IIJA) into law. This bipartisan legislation will allocate $1.2 trillion to invest in...
Article | 5 min |
Building information modeling (BIM) has surged in the past several years and its benefits are one of the few things everyone involved in the CRE industry can come together on. It has become clear that, while keeping the potential risks in mind, the benefits of BIM for any CRE business are impossible to ignore! Let’s discuss why. Construction is complicated—plain and simple. With so many moving parts involved in a project, especially in the commercial sector, the risk of errors and setbacks can cost CRE developers valuable time and money. Between architects, engineers, business leaders...