The House of Representatives passes the Senate version of the Infrastructure Investment and Jobs Act (IIJA), the construction industry continues to struggle with labor shortages, effects of climate change put the built environment at risk, and more.
- The House passed the $1.2 trillion Infrastructure Investment and Jobs Act on Friday November 5th, which would put $550 billion in new funding into transportation, broadband, and utilities. (Jacob Pramuk, CNBC)
- The number of co-working spaces continues to grow and is poised to be a significant alternative for companies caught in the decision to go fully remote or return to traditional office environments. (Travis Howell, MIT Sloan)
- With the demand for new houses showing no signs of slowing, the construction industry needs over 2 million more workers over the next three years to fill the ongoing labor shortage. (Grace Dean and Heather Schlitz, Business Insider)
- As a result of the global supply chain crisis that’s clogging U.S. ports, warehouses are being pushed to capacity limits, making scare storage space all the more valuable. (SupplyChainBrain)
- Investors increasingly are asking about the climate risk exposure for a property or portfolio as rising temperatures, rising oceans, and increasingly severe weather put the built environment at risk. (Grace Dobush, Urban Land Institute)