Insights
Multifamily and senior housing design-build trends for 2023
Follow these multifamily and senior housing design-build trends to increase occupancy Demand for multifamily units remains high While Dodge Data expects multifamily starts to decrease 9% from 796,000 last year to 723,000 units in 2023, vacancy rates were at a five-year low at the end of last year, and demand remains high. The economy is…
New guide details every step of commercial construction process
With DBS Group, you get so much more Most entities don’t undertake commercial construction projects every day. But DBS Group does. We’ve been through every (detailed) step of the way — from having an idea to cutting the ribbon on the finished project — countless times. And we can manage every aspect of your project…
Retail design-build trends shifting in 2023
Retail construction expected to grow in 2023 Experts predict greatest opportunities in brick-and-mortar locations A year ago, the retail sector was rebounding nicely from pandemic lows. In fact, retail construction starts hit $19.4 billion in 2022, a 31% increase over 2021, according to Construction Dive. Despite the doubt, PwC anticipates an uptick in retail investment…
Señor Villa selects DBS Group for renovation project
Señor Villa has selected DBS Group to design-build an interior renovation of its La Crosse restaurant at 325 West Avenue. The project includes upgrading interior finishes, interior architectural features, and interior lighting, as well as a new and improved bar area. Design is complete, and construction is scheduled to be complete by early this summer.
Hospitality industry trends show rebound
Hospitality trends show industry nearing prepandemic levels Hotel construction trends show promise for 2023 While hotel starts in 2023 will show tepid growth due to the overall economy, the industry is rebounding. In 2022, RevPAR reached record highs, exceeding prepandemic levels, and room starts increased 37.6% after three years of decline. And for 2023, STR…
DBS Group tapped for retail projects in Whitewater, WI
Ace Hardware and Pet Supplies Plus have contracted with DBS Group for their retail locations in Whitewater, Wisconsin. The design-build construction company is designing, resizing and renovating Ace Hardware and building out the interior of a Pet Supplies Plus store. Work is already underway, with completion scheduled for April 2023.
Industrial building outlook shows shifting opportunities this year
Expect changes in industrial development this year The pandemic continues to significantly impact the industrial building outlook, primarily due to resulting supply chain issues. That portends a mixed bag of opportunities and a noteworthy shift in 2023. Warehouses As companies began holding more extensive inventories to safeguard against future supply chain issues in 2021,…
DBS Group grows design-build team
As DBS Group continues growing in the Upper Midwest, the design-build construction company has added two new team members. Kale Massey has joined DBS Group as a project manager, and Brandon Running is the company’s newest estimator. Both will be based in DBS Group’s Rochester, Minnesota, office. Massey is a Minnesota State – Moorhead graduate…
Emerging BIPOC developer funds open new opportunities
For aspiring BIPOC developers, opportunities for funding, training are growing Inequities in capital available for real estate developers of color have been significant historically. But these days, there’s cause for excitement as funding opportunities and initiatives aimed at emerging developers are growing in scope and number. These investments are pouring in from myriad sources, from…
1st Community Credit Union contracts with DBS Group
1st Community Credit Union has contracted with DBS Group to design and build changes to its West Salem, WI, building. The project includes a complete remodel of the building exterior, as well as a partial remodel of the building interior. Construction will begin mid-March, and construction will be substantially complete this summer.