Search
 

Not So Happy New Year

For the last decade I have trumpeted ushering in of the new business year the day after Labor Day. I revel in observing that the rhythm of business tracks the seasons, and after the lazy days of summer business reignites and gears-up for a marathon to the following July when the business cycle wains into what used to be a slumber. Not so this year!

By Anthony LoPinto | Updated on September 08, 2015

For the last decade I have trumpeted ushering in of the new business year the day after Labor Day. I revel in observing that the rhythm of business tracks the seasons, and after the lazy days of summer business reignites and gears-up for a marathon to the following July when the business cycle wains into what used to be a slumber. Not so this year!

The real estate industry is in overdrive, and a summer slumber was not in the cards this year as business activity maintained a fast pace throughout the month of August. There is no stronger evidence that markets are red hot than yesterday’s Wall Street Journal report that construction of skyscrapers is grinding to a halt as manufacturers and fabricators of curtain wall glass cannot keep up with demand because factories were mothballed or worse, went out of business in 2008 and 2009 during the recession when development went kaput. We have now come full circle and development is in red hot, but there’s no glass.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.