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How modular construction is changing commercial real estate

Written by CRETech | May 15, 2019 11:28:38 AM

Regions across the U.S. faced their snowiest, coldest and warmest February in history this year, with volatile weather disrupting the flow of life across the country.

That included construction projects. Yet there was one setting where the unpredictable winter didn’t slow down work — the vast indoor spaces where firms have increasingly been creating homes, offices and hotels.

The method of modular construction — where pieces of buildings are manufactured in one place, and then delivered to construction sites for assembly — has boomed in recent years. The business in the U.S. has doubled in size to US$8 billion over the last five years, according to Tom Hardiman, executive director of the Modular Building Institute which is a non-profit trade association based in Charlottesville, Virginia.