Project Management

Glass prices rising

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0.0 5.0 10.0 15.0 20.0 25.0 Q2 2012 Q2 2013 Q2 2014 Q2 2015 Office construction starts (m.s.f) United States Construction Chart of the week: September 14, 2015 Source: JLL Research, Wall Street Journal Glass prices rising along with new skyscrapers • As starts skyrocket, glass prices are rising as well; curtain-wall prices have risen more than 30 percent in the past 18 months, as previously shuttered glass manufacturers struggle to keep up with demand. • Year-to-date completions (46.0 million square feet) are far below historical norms, but there will be continued construction growth into 2016 as demand grows, putting further strain on glass supplies. 60.3 percent increase in starts since Q2 2012

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