According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. A key growth market will be the infrastructure market, with output rising by 12.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five office building construction projects that commenced in the US in Q2 2024, according to GlobalData’s construction projects database.
1. Clayworks Mixed-Use Community Redevelopment
The project involves the construction of a 116,128m2 mixed-use community on 5ha of land in Golden, Colorado.
Construction work started in Q2 2024 and is expected to be completed in Q4 2034.
The project aims to move the CoorsTek headquarters to the site and build a mixed-use community around it.
2. Burbank Studio Campus and Office Complex
The project involves the construction of an 86,028m2 studio campus on 12.14ha of land at 411 North Hollywood Way in Burbank, California.
Construction work commenced in Q2 2024 and is expected to finish in Q1 2026.
3. 2233 E. Jesse Street Mission Campus
The project involves the construction of a five-story, 28,149m2 office and studio complex on 2.02ha of land at 2233 E. Jesse Street, Los Angeles, California.
Construction work started in Q2 2024 and is forecast to complete in Q4 2025.
4. South Capital Street and M Street Mixed-Use Development
The project involves the construction of a 39.62m tall mixed-use development in Washington, D.C.
Construction work commenced in Q2 2024 and is expected to be completed in Q4 2024.
The aim of the project is to provide better residential, retail and office facilities in the region.
5. The Bridge at Collegeville Redevelopment
The project involves the redevelopment of a 167,225m2, 14-building office campus on 137.5ha of land in Collegeville, Pennsylvania.
Construction work started in Q2 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
