Growing Industry Sectors Face Unique Construction Challenges
August 20, 2024
After a period of extensive volatility, construction cost growth has stabilized and materials lead times are shrinking in many markets across the United States and Canada, as detailed in JLL’s 2024 U.S. Midyear Construction Update and Reforecast. That’s good news for companies that have delayed projects in hopes of lower interest rates and smoother supply chains. However, a closer look at four distinct industries—advanced manufacturing, healthcare, life sciences and data centers—reveals a more complex picture of continuing challenges amidst high demand for construction.
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