We’re here to ensure that you have the most up-to-date information about market trends and conditions. Within this report, you will find data that clarifies the ‘Why’, including the most current market conditions, the observed impact of these conditions, and proactive measures we can take to be fully prepared for what’s to come. We realize the market is changing, unpredictably and rapidly. The information contained in this report is using the most up-to-date data available as of October 2022.

While Thomas Edison was credited for a number of revolutionary inventions, he also deserves some credit as one of the pioneers of tilt-up construction. Very few realize that tilt-up construction became popular around the turn of the century, when Edison became a prominent name, and even fewer know that the practice originated long before this.

Since the pandemic hit, the only thing constant in the construction industry has been volatility. We went from a total shut down to demand being almost off the charts for a number of sectors, and now, with soaring inflation and the Fed raising interest rates, we are back to a period of uncertainty.

Prost! Last Friday, we tipped our steins back and celebrated Oktoberfest at our company-wide quarterly event. While these types of events are normally held offsite, it is sometimes nice to use our beautiful breakroom and courtyard to gather our team, especially when we can enjoy this beautiful Fall weather in Arizona.

Team members from Creation and LGE Design Build joined some guests last week in Houston to celebrate the expansion of both companies’ footprint in the Texas market. The event was a happy hour to mark the groundbreaking of two new industrial projects in the northwest part of the city – Houston Point 290 and Cypress Creek Distribution Center.

As a true design-build firm, we strive to immerse ourselves in architecture no matter what department it is in which we work. This was the spirit behind our Operations Department’s recent outing to Frank Lloyd Wright’s Taliesin West in Scottsdale last week.

When you hear the words “construction materials,” it is only natural to think of the more common commodities, like lumber, steel, or glass. Someone in the industry might also include less popular materials like gypsum or copper. However, a material not often considered is one that directly affects the production of a number of vital materials: sand, which is in short supply globally.

The demand for industrial warehouse space remained surprisingly strong during the pandemic. Statistics showed that shopping habits changed dramatically, especially during the shutdown, and many people shifted toward e-commerce retail for almost all of their needs. In 2020, e-commerce sales rose by $244 billion since the previous year, which was a 43 percent increase. Because of this increase, brick-and-mortar retailers joined e-commerce companies by seeking out warehouse space to fulfill their online orders.

Earlier this month, LGE Design Build, alongside developer Echo Real Estate Capital, broke ground on Echo Park 303, a two-building, modern industrial facility in Glendale, Ariz. This project will mark the latest addition to the flourishing Loop 303 corridor, in the West Valley of Phoenix, which is becoming one of the premiere industrial submarkets in the nation.