Construction planning numbers jump despite recession fears

Demand for data center construction remains strong, but growing pains around the supply chain and inflation could mute the pace of building in the sector, said Reaves. The commercial component of the momentum index increased 2.9% in September largely due to data center construction, according to Dodge. Institutional projects in planning rose 11.7%, largely due to a jump in research and development laboratory projects in the education sector, with solid contributions from health care and recreation builds entering the planning process, according to the report. Thirty-nine projects with a value of $100 million or more entered planning in September, according to the release. Year-over-year, the momentum index was 26% higher than September 2021. The commercial component and institutional component increased 25% and 28% from one year ago, respectively. The leading commercial projects included a $500 million data center campus on the Tech Park at Brambleton site in Ashburn, Virginia, and the $500 million construction of two warehouse buildings at the Matrix Global Logistics Park’s West Campus in Bloomfield, New York.

Share This Article: