NAIOP Report: Construction Market Relies On New Technologies

NAIOP Record: Building Market Looks To New Technologies

The NAIOP Research Structure reported that innovation is making an impact on building and construction, an industry that had been traditionally sluggish to embrace technology. Labelled “A Summary of Emerging Building Technologies,” the report determines technologies presently being used, including modular building and construction and constructing details modeling, in addition to emerging modern technologies such as mass wood as well as robotics.

The building and construction sector’s intricacy and its fragmentation among several small, customized firms have reduced the fostering of brand-new technologies, the report states. The majority of projects’ special demands have also restricted the opportunities to produce economies of scale that sustain financial investment in innovations.

“Nevertheless, recent advances are increasing the efficiency, versatility and adaptability of several arising building modern technologies, making them more affordable for companies to take on,” the report states. “A substantial and also protracted labor lack in the building professions is also enhancing the costs of conventional building and construction methods, making labor- and time-saving innovations more appealing.”

Inside The Story

About the Author

Paul Bubny works as Senior Content Director for Link Commercial Actual Estate, a duty to which he brings 13-plus years’ experience covering the industrial genuine estate market as well as 30-plus years in business-to-business journalism.
Email the Writer

Published at Mon, 29 Mar 2021 04:08:49 +0000

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.