Like all industries, construction is impacted by trends. Even though it seems very traditional, trends in financing costs and how we work are making a big difference in the facilities we need for living and working. While high materials cost is most likely a bubble, trends in labor shortages are here to stay. Being creative will be crucial for success if you are a builder, contractor, office owner or homeowner.
This podcast covers how trends in government policies, local regulations, material availability and labor all merge to alter what people want from their office and home, what they can afford and what is available. We also cover how creative builders and building owners have an opportunity to offer new solutions generating profitable growth, even as the marketplace for commercial and retail real estate declines. Innovation is separating the winners from the losers.
Are you considering “big picture” trends like interest rates, regulations and workforce patterns in your future plans?
Are you applying innovation to what might seem the most traditional parts of your business?
Are you willing to adapt your infrastructure and offerings to meet changing – and under-met – needs?
Are you preparing for a very different world of work and home for your customers, suppliers and employees?