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MAPA Region 2012 Hot Markets

MAPA Region 2012 Hot Markets. Member Webinar. MAPA Region 2012 Hot Markets. Current Trends & Forecasting Summary…or best guess for 2012 Markets by Segment Precast strengths & weaknesses Potential clients Discussion. MAPA Region 2012 Hot Markets. Current Trends & Forecasting

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MAPA Region 2012 Hot Markets

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  1. MAPA Region 2012 Hot Markets Member Webinar

  2. MAPA Region 2012 Hot Markets • Current Trends & Forecasting • Summary…or best guess for 2012 • Markets by Segment • Precast strengths & weaknesses • Potential clients • Discussion

  3. MAPA Region 2012 Hot Markets • Current Trends & Forecasting • Summary…or best guess for 2012 • Markets by Segment • Precast strengths & weaknesses • Potential clients • Discussion

  4. National Trends

  5. National Trends • AIA Architectural Billing Index

  6. National Trends

  7. Hotel/Motel Segment

  8. Office Vacancy

  9. Mall Vacancy

  10. Apartment Vacancy

  11. Office/Hotel/Retail Investment

  12. Small Business Optimism

  13. Small Business Hiring

  14. National Forecasts • AIA Consensus Construction Forecast http://info.aia.org/aiarchitect/2011/charts/consensus-survey/july/july.html#

  15. National Precast Sales Year% GrowthPrecast Sales ($B) 20063%5.2 20075%5.5 2008-15%4.7 2009-42 % 3.4 20100%3.4 20115%3.6 201215%4.1 201310%4.5 20143%4.6 Source: PCI Metrics Committee

  16. National Precast Sales

  17. National 2009 Precast Markets Other includes stores, hospitals, multifamily, religious, sport complexes, government, hotels, and residential

  18. MAPA 2010 Precast Markets Other includes amusement, boardwalk, bridge, stadia, transportation, and other non-residential work

  19. Forecasts by StateOverall Construction State 2011 Change 2012 Change 2010 Market Size $M New York +3% +9% $46,553 Virginia -2% +15% $25,954 Pennsylvania +3% +10% $32,075 New Jersey -1% +11% $24,824 Maryland +10% +9% $18,505 Overall -1.3% +10.8% $147,911 Source: Global Insights Put-in-Place forecasts

  20. MAPA Precast MarketsParking Put-in-Place in $M 2012 Change +13% 2013 Change +15% 2013 Market Size: $225M

  21. MAPA Precast MarketsEducational Put-in-Place in $M 2012 Change +8.5% 2013 Change +7.4% 2013 Market Size: $30.5B

  22. MAPA Precast MarketsGovernment Put-in-Place in $M 2012 Change -1.3% 2013 Change +4.6% 2013 Market Size: $6.6B

  23. MAPA Precast MarketsHealthcare Put-in-Place in $M 2012 Change +7.8% 2013 Change +5.7% 2013 Market Size: $10.1B

  24. MAPA Precast MarketsCommercial Put-in-Place in $M 2012 Change +21.4% 2013 Change +21.9% 2013 Market Size: $19.4B

  25. MAPA Precast MarketsMulti-Family Put-in-Place in $M 2012 Change -9.1% 2013 Change -1.0% 2013 Market Size: $3.9B

  26. Composite Forecast Put-in-Place in $M

  27. MAPA Region 2012 Hot Markets • Current Trends & Forecasting • Summary…or best guess for 2012 • Markets by Segment • Precast strengths & weaknesses • Potential clients • Discussion

  28. MAPA 2012 Markets Forecast • Parking Structures Up+ • Offices Up+ • Hotel/Motel Up+ • Retail Up • K-12 (new)Up • Higher EducationUp + • Multi-family Down • Healthcare Up • Government Down Blue = MAPA marketing focus

  29. MAPA Region 2012 Hot Markets • Current Trends & Forecasting • Summary…or best guess for 2012 • Markets by Segment • Precast strengths & weaknesses • Potential clients

  30. MAPA Region 2012 Hot Markets Parking Structures Washington DC metro area: Watch DC developers. Watch for development around Metro stations Higher Education: College campuses…green roofs a hot trend CIP still very competitive due to labor rates

  31. MAPA Region 2012 Hot Markets Parking Structure Opportunities • Bethesda Naval Hospital • Drexel University – 267 cars • City of Lansdale (PA) – 291 cars • Ellis Medicine (Albany NY) • Bernstein Companies: Bethesda MD • Westin Bethesda • Chase Brexton Health Services • Downtown Baltimore headquarters

  32. MAPA Region 2012 Hot Markets Parking Structure Opportunities • City of Waterton NY • City of Millville NJ • Penzance Properties: Washington DC • Integrated 300K sf office and parking • Mosaic District Community Develop. • Fairfax VA: Four parking decks • City of Millburn NJ

  33. MAPA Region 2012 Hot Markets Offices Office rentals in NYC and Washington heating up. Philadelphia, Richmond, Pittsburgh lagging. Historic low interest rates—if banks loan Selective city perimeter opportunities; Sell multi-use capabilities of precast with integrated parking; quick erection.

  34. MAPA Region 2012 Hot Markets Office Opportunities Bernstein Companies: Bethesda MD Integrated hotel/office/parking Penzance Properties: Washington DC office building & parking deck

  35. MAPA Region 2012 Hot Markets Hotel / Motel Trend toward smaller 100-200 room hotels outside major cities. Wood framing is tough competition in this market. PA multi-family fire resistance legislation has sponsors…but little progress. Much of the forecast work may be renovation/renewal work.

  36. MAPA Region 2012 Hot Markets Hotel / Motel Opportunities Bernstein Companies: Bethesda MD Integrated hotel/office/parking Westin Bethesda project City of Millville NJ (hotel/parking deck)

  37. MAPA Region 2012 Hot Markets Retail Architectural precast opportunities for new big box facades Possibilities for front/rear one-story panels for upgraded strip centers Market aesthetic / functional flexibility of strip center panels Knockouts / thin-brick / water table stone

  38. MAPA Region 2012 Hot Markets Retail Opportunities City of Lansdale (PA)-downtown develop. Borough of Ft. Lee (NJ)-downtown develop. BJ’s LA Fitness hhgreg, Inc. TJX Companies (TJX and Marshalls) Best Buys

  39. MAPA Region 2012 Hot Markets K-12 Tremendous backlog of renovation and new construction work Much of the new construction on hold due to inability to pass bond referendums May loosen up in 2012…but not much Watch for long-span opportunities with additions, such as gymnasiums / cafeterias / auditoriums

  40. MAPA Region 2012 Hot Markets K-12 Opportunities: Virginia Albemarle County Chesterfield County Culpeper County Fairfax County Fluvanna County Frederick Greene County Henrico County King George County Loudoun County Louisa County Prince William County Roanoke City Roanoke County Spotsylvania County Stafford County Virginia Beach Williamsburg/James City County

  41. MAPA Region 2012 Hot Markets K-12 Opportunities: Maryland Anne Arundel Baltimore City Baltimore County Calvert County Frederick County

  42. MAPA Region 2012 Hot Markets K-12 Opportunities: Delaware Appoquinimink Christina Lake Forest Mot Charter Seaford

  43. MAPA Region 2012 Hot Markets K-12 Opportunities: New Jersey • Elizabeth ‐ Academic Magnet High School • Long Branch ‐ Catrambone Elementary School (Elberon) • Bridgeton – Cherry Street Elementary School • Jersey City – PS 20 Elementary School • Jersey City – Elementary School 3 • New Brunswick – A. Chester Redshaw Elementary School • Newark – Oliver Street Elementary School • Paterson – Marshall & Hazel Elementary School • Paterson – PS Number 16 Elementary School • West New York – Harry L. Bain Elementary School

  44. MAPA Region 2012 Hot Markets K-12 Opportunities: Pennsylvania Gulen Charter Schools Downington Area Schools Penn Hills Pennsylvania has proposed allowing local school districts to create charter schools within their district

  45. MAPA Region 2012 Hot Markets Higher Ed State funding is declining, college-age population is flat, competition more fierce for students Colleges utilizing public/private partnerships to finance revenue generating projects (dorms/dining), but also including academic and sports facilities

  46. MAPA Region 2012 Hot Markets Higher Ed Opportunities Drexel University (PA) dorms Pace University (NY) dorms Christopher Newport (VA) new bldgs. Virginia Commonwealth –3 dorms

  47. MAPA Region 2012 Hot Markets Multi-family Opportunities limited in apartment/condo construction Too much affordable single-family housing stock; predominantly wood frame construction Condominiums have high liability

  48. MAPA Region 2012 Hot Markets Multi-family Opportunities Not aware of individual opportunities

  49. MAPA Region 2012 Hot Markets Healthcare Trend toward creating more ambulatory care facilities remote from main campus Tend to be one to two story buildings, ranging from 50K to 300K square feet. Market MNL 116 panels and hollowcore/ double tees for roof. Hollowcore floors not highly regarded due to frequent interior layout and plumbing changes. Slow and steady growth in smaller senior care communities: assisted living / dementia care…tend to be light-framing, residential character

  50. MAPA Region 2012 Hot Markets Healthcare Opportunities • Cooper Cancer Institute Comprehensive Care Center: Camden NJ / $100M • Corning Hospital Replacement: Corning NY / $100M • Ambulatory Surgery Center: Franklin Lakes NJ / $3.7M • North Shore-LIJ Center for Comprehensive Care: New York NY / $100M • South Nassau Communities Hospital-Center for Cardiovascular Expansion: Oceanside NY / $1-$5M • Harford Memorial Hospital Relocation: Havre de Grace MD / $25-$100M • Ellis Medicine: Albany NY: $45M/ 38K Sq ft.

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