- Office – demand remains sluggish as tenants re-evaluate their space needs and plan for workers to gradually return to the office throughout 2021. Vacancy rates may not peak until early 2022.
- Retail – curbside pickup remains important as brick-and-mortar sales are expected to rebound while e-commerce sales are expected to stall. CBRE forecasts a decline in e-commerce sales growth for the first time since 2008.
- Industrial – including logistics, nearly 250 million s.f. of industrial net absorption is expected this year. Warehouse rents remain high and vacancy will remain low.
- Data centers – the reliance on technology became clear in 2020, leading to 373.6 megawatts of data center development now in construction. Total data center inventory is forecast to grow 13.8%.
- Hotels – hospitality companies are expected to recover over 50% of revenue in 2021, but full industry recovery isn’t expected until 2023, though it could be 2025 for luxury properties.
- Multifamily – demand will remain strong with prices of properties expected to continue rising at a rate of 6% or higher.
- Residential – mortgage rates will slowly climb from the record lows of 2020, but existing home sales are expected to go up 7%, housing starts will be up 9%, and the median price for existing home sales will be up 5.7%.
For the sixth time, ENR Texas & Louisiana magazine invited Jing to help judge the incoming 20 Under 40 Class. Of 69 entries submitted, the most of any ENR region, jurors picked the young professionals based on industry experience, career and leadership, and community service and involvement. View the article with winners or see below. Blake Axen, project manager, BGE, Inc. Bryan Carruthers, CEO, Anser Advisory LLC Cory Delz, executive vice president, Embree Construction Group Dedra A. Ecklund, project manager, Lockwood, Andrews & Newnam Inc. Dennis M. Hymel, Jr., senior project manager, T. Baker Smith, LLC Eric Hudson, partner,
- Brought on Lily Luo as Project Manager in January 2020.
- Participated in the annual Dress for Success Send One Suit (S.O.S.) clothing drive. Dress for Success is a national organization with a mission to empower women to achieve economic independence by providing a network of support, professional attire, and the development tools to help women thrive in work and in life.
- Celebrated our 15-year anniversary on October 11.
- Stayed busy working on local, national and international projects, thanks to our current clients and many generous referrals. To date we have completed more than 160 total projects, for over 80 clients, and worked with 32 new clients. Our work spanned the U.S. and Bahamas.
- Completed the EntreLeadership Summit program as a team and gained practical takeaways and implementations.
- Enrolled three team members in the Vistage Emerging Leader program.
- Thrived through Covid! Despite the challenges Covid brought, we celebrated all successes both big and small. We connected with clients through Zoom and deepened our knowledge of other media platforms. Our team found new ways to be more efficient and became more deliberate in maintaining connections to one another.
You likely remember the line from Field of Dreams, “If you build it, he will come.” Church congregations often stake their hopes on this belief when undertaking capital campaigns, hoping for both the Heavenly Spirit and a larger congregation. Whether it’s a new facility or completely new campus, a renovation or expansion, communicating the cost of the project in relatable terms is a critical factor for success. Many congregations will go through only one capital campaign per generation of membership. This is compounded by the fact that very few congregants have any architecture or construction knowledge. Fundraising amounts in the thousands can feel as overwhelming as amounts in the millions. Yet uniting a congregation around a common goal can build the momentum and inspiration needed for success.