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 3 CONSTRUCTION PROJECTED TO BE COMPLETED IN 2013 ($000s) Region New Additions Renovation Total % OF SPENDING FOR New Addition Renovation % of Nation 1 $560,000 $59,000 $56,313 $675,313 82.9% 8.7% 8.3% 6.9% 2 $573,600 $223,854 $116,491 $913,945 62.8% 24.5% 12.7% 9.3% 3 $531,587 $67,247 $66,764 $665,598 79.9% 10.1% 10.0% 6.8% 4 $561,715 $125,524 $74,423 $761,662 73.7% 16.5% 9.8% 7.7% 5 $360,551 $161,647 $159,257 $681,455 52.9% 23.7% 23.4% 6.9% 6 $376,500 $89,563 $65,871 $531,934 70.8% 16.8% 12.4% 5.4% 7 $193,700 $104,950 $39,146 $337,796 57.3% 31.1% 11.6% 3.4% 8 $230,000 $64,987 $78,270 $373,257 61.6% 17.4% 21.0% 3.8% 9 $1,061,000 $177,304 $168,410 $1,406,714 75.4% 12.6% 12.0% 14.3% 10 $167,300 $141,418 $87,118 $395,835 42.3% 35.7% 22.0% 4.0% 11 $2,212,352 $225,123 $155,316 $2,592,791 85.3% 8.7% 6.0% 26.4% 12 $339,000 $82,500 $79,415 $500,915 67.7% 16.5% 15.9% 5.1% $7,167,305 $1,523,116 $1,146,794 $9,837,216 72.9% 15.5% 11.7% 100.0% Nat'l To read this table: Colleges in Region 1 (New England) expect to spend $560M on new buildings to be completed in 2013, $59M on additions to existing buildings, and $56M on retrofit of existing buildings, for a total of $675M on all construction. Almost 83 percent of Region 1's college construction dollars will go for new buildings. Region 1 colleges are projected to spend 6.9 percent of all the money spent on college construction this year. NATIONALLY AND BY REGION 4 CONSTRUCTION PROJECTED TO START IN 2013 ($000s) Region New Additions Renovation Total % OF SPENDING FOR New Addition Renovation % of Nation 1 $528,150 $40,740 $19,040 $587,930 89.8% 6.9% 3.2% 5.8% 2 $665,600 $40,750 $131,350 $837,700 79.5% 4.9% 15.7% 8.3% 3 $312,102 $379,674 $212,717 $904,494 34.5% 42.0% 23.5% 8.9% 4 $607,560 $111,650 $142,907 $862,117 70.5% 13.0% 16.6% 8.5% 5 $435,090 $212,379 $148,690 $796,159 54.6% 26.7% 18.7% 7.9% 6 $593,000 $81,506 $36,906 $711,412 83.4% 11.5% 5.2% 7.0% 7 $924,700 $49,950 $161,615 $1,136,265 81.4% 4.4% 14.2% 11.2% 8 $357,900 $50,210 $87,500 $495,610 72.2% 10.1% 17.7% 4.9% 9 $758,300 $288,998 $213,727 $1,261,025 60.1% 22.9% 16.9% 12.5% 10 $338,423 $161,973 $115,768 $616,164 54.9% 26.3% 18.8% 6.1% 11 $1,153,280 $150,000 $59,832 $1,363,112 84.6% 11.0% 4.4% 13.5% 12 $459,000 $50,700 $33,500 $543,200 84.5% 9.3% 6.2% 5.4% $7,133,105 $1,618,530 $1,363,552 $10,115,187 70.5% 16.0% 13.5% 100.0% Nat'l To read this table: Colleges in Region 1 (New England) expect to start construction on new buildings costing $528M in 2013, another $41M on additions to existing buildings, and $19M on retrofit of existing buildings, for a total of almost $588M on all construction. Almost 90 percent of Region 1's projected construction dollars are destined to be spent on new buildings. The construction cost of Region 1 colleges starting in 2013 accounts for 5.8 percent of all college construction spending projected to start this year. a needed project this year, and they report that expectation. On the other hand, pessimism and close-to-the-vest thinking permeates other campuses. Those are the ones that will not report what they are planning to do until the money is in their hands, the contracts have been signed, and the work is underway. "I'll believe it when I see it." Presumably the optimists and the pessimists cancel one another out and end up providing a good estimate of what will actually be accomplished, but none of the projects started in 2013 will show up again in our tables until they are complete. FEBRUARY 2013 / CP&M – 2013 ANNUAL COLLEGE CONSTRUCTION REPORT CR5

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