Construction Insights for Global Occupiers

Despite global uncertainty and economic shifts, growth expectations remain—though at a slower pace. Rising construction costs and ongoing skilled labor shortages continue to challenge the sector, pushing companies to delay or revise their 2025 plans and highlighting the need for clearer long-term policy direction.

Key Trends and Challenges:

• Global supply chain stress has risen but remains below recent highs. Growing uncertainty complicates planning and may increase stress.
• Labor constraints remain challenging, especially in skilled labor. Wage increases are necessary to attract talent to construction but add further pressure to overall costs.
• Office and industrial construction pipelines have fallen in the Americas and EMEA but continue to be robust in APAC.