Industry Trends – Summer 2023

Sellen has published our Industry Trends update for more than 20 years, and our goal for each edition is simple: to provide our partners with the information you need to make informed decisions in the local construction market. We polled a group of local 50 owners, architects, and subcontractors to learn more about the collective challenges we are facing in the Puget Sound construction industry. The results of that poll — combined with our in-house cost escalation data and analysis — are featured in our Summer 2023 report.

The new update also includes insights regarding Washington State Energy Code updates; a commentary on the uncertain near-term future of the commercial office market; and a Q&A with Chief Estimator Adam Lorenz on mass timber, office to residential conversions, and how the industry has changed over his 27 years of experience.

Read the full report today for our latest market insights. 

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