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You need a partner that listens to its clients, is committed to their success, has the resources and talent to deliver the support you need and continually reinvests into technology and innovation to keep its products not only current, but scalable for the future. Without that, you’re likely to run into headaches down the road.
In the United States, the office leasing forecast is brighter based on the market seeing demand diversifying and supply dwindling. Overall, Jones Lang LaSalle is forecasting office rents to grow at a 5.5 There remains a wide variation in leasing momentum across geographies around the world.
The need for a more collaborative and innovative approach in the industry is stronger than ever. The more innovative and more investing companies will have a lot to gain. In total, it is forecasted that successful digital adoption could result in an increase of 15% when it comes to productivity in the global construction market.
Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins. As Jit Kee Chin, Chief Data and Innovation Officer at Suffolk Construction puts it, “Gathering data isn’t enough.
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Starting that project on time is often problematic however, as Owners and Developers report that bank funding remains inordinately tight. ENR’s forecast for 2009 shows continuing declines in nearly all sectors of industrial, commercial, & residential markets, with modest growth only in public works highway and infrastructure work in 2010.
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