December 2020 Industry Update


Real Estate and Infrastructure - 

Midtown Is Reeling. Should Its Offices Become Apartments? - The powerful real estate industry is so concerned that the shifts in workplace culture caused by the outbreak will become long-lasting that it is promoting a striking proposal: to turn more than one million square feet of Manhattan office space into housing. - New York Times

10 apartment staging mistakes that can cost you a sale - Let’s face it: New York City’s slow sales market means if you’re selling now, you have some stiff competition because of a glut of new luxury condos with fancy amenities...The increased need for staging is a sign of where the market is at during the pandemic, where first impressions routinely happen online. - Brick Underground

Tax changes on the horizon: What contractors need to know - As the end of 2020 approaches, even as many construction businesses are still struggling with the fallout from the COVID-19 pandemic, it’s time to close out the year financially. That means it's time for tax planning and the consideration of other financial issues, both of which will hopefully put contractors in the best position to take on 2021. - Construction Dive

Contractors can require COVID-19 vaccinations for jobsite workers, lawyers say - Attorneys from a prominent workforce law firm told contractors that it is within their legal rights to compel workers to get vaccinated against COVID-19, during a webinar hosted Wednesday by the Associated General Contractors of America. - Construction Dive
Interior Design and Architecture - 

The 2021 AD100 - In the world of design and architecture, no list is held in higher esteem than the AD100, now entering its fourth decade. This year, 22 firms from around the globe make their first appearances here. These are the names to know now! - Architectural Digest

Why COVID-19 Provides a Unique Opportunity to Elevate Women in the Workplace - There’s an underlying effect that’s plaguing the workplace—and hint: it’s not a virus. Well, not exactly. It’s actually the disproportionate effect COVID-19 has had on women in the workplace. - Interior Design
Hospitality -

Why this is the time to build in top tourist destinations - Right now, few are thinking seriously about booking travel to bustling tourist destinations. Most of us are not traveling at all. The unprecedented pandemic we are facing has caused hardships throughout the hospitality industry and tourist destination communities. Yet, we are still seeing brisk business in building and remodeling hotel properties. Why is now a good time to build a hotel in top tourist destinations? - Hotel Management

Survey: Nearly 70 Percent of Americans Will Not Travel for Christmas- A recent national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that 69 percent of Americans will not travel for Christmas. With a new surge in COVID-19 cases, the CDC recommending that Americans do not travel over the holiday season, and new stay-at-home orders in place in states across the country, the holiday season will compound the challenges already facing the hotel industry during this public health crisis, according to AHLA. - Lodging Magazine





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