Facility leaders share their thoughts on what to expect this year and beyond
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Tall building construction is on the rise, according to a recently released report from the Council on Tall Buildings and Urban Habitat.
The council reported that 175 tall buildings were completed in 2023, a 7.4 percent increase over 2018, when 163 were completed. While the second-tallest building in the world was completed in 2023 (Kuala Lumpur at 2,227 feet tall), the report revealed that 18 cities around the world recorded its new tallest building.
Of those 18 cities, two of them were in the United States – Austin, Texas, and Las Vegas. In Austin, the Sixth & Guadalupe building was the 10th tallest new building completed in the world last year, at 875 feet. Fontainebleau in Las Vegas was 16th on the list at 735 feet. Canada’s M2 building in Mississauga was No. 18 at 659 feet.
Other notes of interest from the report include:
Dave Lubach is the executive editor for the facilities market.
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Cities, states, and school districts are taking a variety of approaches regarding underused and closed buildings, including repurposing or selling them.