Industry Trends – Fall 2022
After a decade of high volume and fast-paced growth in Seattle, a construction slowdown is on the horizon. There are certainly many factors for owners to consider today, including rising interest rates, persistent inflation, and elevated energy costs. In the office sector, owners are facing budget adjustments and headcount reductions as they evaluate their needs.
Sellen’s Fall 2022 Industry Trends features the latest insights from our preconstruction experts, including our revised construction cost escalation projections for the next several years. This edition also identifies some of the root causes for these increases, revisions to building codes that our partners should be aware of, the changing office market, and some of the work Sellen is doing to add value for our clients and build a more diverse construction industry. You can read the Fall 2022 Industry Trends here or at www.sellenindustrytrends.com.