April 2021 Industry Update

April 2021

Real Estate and Infrastructure

Remote Work Is Here to Stay. Manhattan May Never Be the Same. - A year after the coronavirus sparked an extraordinary exodus of workers from office buildings, what had seemed like a short-term inconvenience is now clearly becoming a permanent and tectonic shift in how and where people work. Employers and employees have both embraced the advantages of remote work, including lower office costs and greater flexibility for employees, especially those with families.- New York Times

By The Numbers: Biden's $2 Trillion Infrastructure Plan - President Biden this week unveiled a massive infrastructure proposal that he says would deliver a "once-in-a-generation investment" in the United States. Here are six key numbers from the wide-ranging measure:- NPR

NY pot law creates safety, liability issues for contractors - The legalization last month of recreational marijuana in New York State created uncertainty for contractors on how to ensure jobsite safety, and could open them up to more liability than in any of the other 14 states where pot is no longer outlawed, industry observers told Construction Dive. - Construction Dive

Soaring material prices, supply chain delays spook owners and developers - The rising cost of many materials and increased sourcing headaches have project owners rethinking their return to normalcy and threaten to derail construction's expected resurgence. - Construction Dive

Interior Design and Architecture

A Guide to Post-COVID-19 Hybrid Work Policies - Over the past few months, several major corporations have taken bold stances with their return-to-office policies...Amid all this buzz, a majority of companies are looking at some sort of hybrid model for a return to office work. In fact, Kate Lister, president of Global Workplace Analytics, suggests that the sweet spot is 2.5 days a week working remotely. - Interior Design

Curtains Up for the One Percent - While many Americans were stockpiling toilet paper and Clorox, the rich bought houses, sparking a gold rush in the decorating trades. For the wealthiest, those whom the design elite have traditionally served, the last year produced a home improvement stampede as people transformed their work-life safety bubbles with layers of comfort and convenience increasingly essential to those for whom wine cellars with computerized inventory systems are baseline amenities. - New York Times

 

 


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