Crane numbers down 15% nationally with sharper drop in Auckland

Crane numbers down 15% nationally with sharper drop in Auckland

National crane numbers have reduced sharply by 15% in this year’s first quarter but were down 23.5% in the harder-hit Auckland market according to a survey...

Crane index shows little sign of a building boom

While home-building activity picked up in one large city, the latest crane count paints the picture of a sluggish construction sector.

Toronto Cranes Continue to Disappear: UTPro Q1 2025 GTHA Crane Report

The first quarter of 2025 has continued the recent trend of declining crane counts across the Greater Toronto and Hamilton Area (GTHA). The number of cranes on real estate development projects fell compared to the previous quarter, and are at the lowest point in the three years UrbanToronto has been tracking this data through our UTPro data service. Historical chart of cranes in the GTA in dark blue, Hamilton in light blue, January 2022 to April…

Developers Slow New Industrial Projects in Philly Area - Wolf Commercial Real Estate

Philadelphia’s industrial boom is winding down after a record-breaking five years that added 55 million square feet to the region’s inventory. As of March, 12.4 million square feet remain under construction, a 52% drop from the early 2023 peak. This slowdown follows a national trend driven by rising vacancies. Half of the 32 million square feet delivered in the past two years remains unleased, and 80% of the current development pipeline is specu…