College Planning & Management

FEB 2013

College Planning & Management is the information resource for professionals serving the college and university market. Covering facilities, security, technology and business.

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NATIONALLY AND BY REGION 2 COLLEGE CONSTRUCTION COMPLETED IN 2013 ($000s) Region % OF SPENDING FOR New Addition Renovation % of Nation New Additions 1 $516,000 $33,000 $52,617 $601,617 85.8% 5.5% 8.7% 6.2% 2 $766,027 $69,633 $143,187 $978,846 78.3% 7.1% 14.6% 10.1% 3 $414,163 $109,120 $199,004 $722,287 57.3% 15.1% 27.6% 7.4% 4 $878,137 $37,320 $75,785 $991,242 88.6% 3.8% 7.6% 10.2% Renovation Total 5 $726,892 $98,373 $121,921 $947,185 76.7% 10.4% 12.9% 9.7% 6 $583,400 $135,450 $106,746 $825,596 70.7% 16.4% 12.9% 8.5% 7 $446,888 $75,900 $95,865 $618,653 72.2% 12.3% 15.5% 6.4% 8 $119,000 $234,900 $24,745 $378,645 31.4% 62.0% 6.5% 3.9% 9 $1,001,974 $188,265 $84,291 $1,274,530 78.6% 14.8% 6.6% 13.1% 10 $360,887 $146,350 $74,750 $581,987 62.0% 25.1% 12.8% 6.0% 11 $1,001,827 $121,400 $238,774 $1,362,001 73.6% 8.9% 17.5% 14.0% 12 $318,000 $58,000 $75,945 $451,945 70.4% 12.8% 16.8% 4.6% $7,133,195 $1,307,710 $1,293,629 $9,734,535 73.3% 13.4% 13.3% 100.0% Nat'l To read this table: Colleges in Region 1 (New England) spent $516M on new buildings completed in 2012, $33M on additions to existing buildings, and $54M on retrofit of existing buildings, for a total of $602M on all construction. Amost 86 percent of Region 1's college construction dollars were spent on new buildings. Region 1 spent 6.2 percent of all the money spent on college construction last year. spending region at almost $1.3B, about the same as a year ago. In Region 9, more than 93 percent of the dollars were spent on creating new buildings and adding space to existing ones. Maintenance of existing buildings received less than $100M (6.6 percent of the construction total). It's obviously much harder to get donors or state legislators to provide money to fix up existing buildings when they can be funding, and putting their names on, shiny new ones. Colleges in Region 4 (Kentucky, North Carolina, South Carolina, and Tennessee) formed the third-highest spending region with just under $1B spent. Regions 2 (New Jersey, New York, and Pennsylvania) and 5 (Alabama, Florida, Georgia, and Mississippi) were the only others close to the $1B dollar level. What's Underway? Construction completed in 2012 is history. Construction expected to be put in place in 2013 is underway right now. Colleges report (see Table 3) that they expect to complete $9.8B worth of construction this year, very close to what had been projected a year ago for 2012. From that it would appear that total construction completed this year may CR4 than 30 percent of the dollars are destined to be used to expand existing buildings. Region 10 colleges report that they are also dedicating 22 percent of their dollars to renovation projects. remain at the current relatively low number. Region 11 remains the construction leader, projecting the completion of work totaling almost $2.6B. That includes more than $2B in new buildings alone. One wonders if that much work will actually be completed during the calendar year specified. Colleges in Region 9 report that they are also contemplating the completion of more than $1B in new buildings in 2013. That is less surprising than the Region 11 projections; colleges in Texas, Louisiana, Oklahoma, and Arkansas have been consistent in completing new college buildings totaling $1B annually. New buildings take most of college construction dollars everywhere, but it is interesting to note that in Region 10 (Colorado, Montana, New Mexico, North Dakota, Utah, and Wyoming) and Region 7 (Illinois, Minnesota, and Wisconsin), more CP&M – 2013 ANNUAL COLLEGE CONSTRUCTION REPORT / FEBRUARY 2013 Looking Ahead What is coming next? Colleges were asked about construction projects they expected to start in 2013. Table 4 totals the results. The indication is that colleges expect to start construction valued at slightly more than $10B this year. But these are starts, not completions, and they are projections, not certainties. Region 11 continues to lead, along with Region 9. Colleges in Region 7 seem more optimistic than usual, but whether shovels will actually be in the ground starting construction of $924M worth of new buildings this year seems optimistic. This illustrates, I think, the difficulty of getting information on projected starts. Researchers tend to run into two conflicting thought processes. Some college administrators want to think positively and say so. Thus, they have plans and approvals and hope to be able to actually start WWW.PLANNING 4EDUCATION.COM

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