Upward Momentum: Charting a Year of Skyscraper Construction

by visualcapitalist

Ever since the first towering spires broke through the clouds in New York and Chicago, skyscrapers have remained a potent symbol of economic might.

The tallest buildings require vast amounts of materials, expertise, and capital to make them a reality, but the cities that add these landmarks to their skylines gain prestige and send a powerful message to competing economic centers.

SKYSCRAPER CONSTRUCTION IN 2018

Where are the most skyscrapers popping up? Let’s take a look at regional hot-spots around the world.

Charting a Year of Skyscraper Construction
Note: For the purposes of this article, “skyscraper” will refer to buildings 656 feet (200 meters) or more in height.

CHINA IS FLYING HIGH

For well over two decades, China has led the world in skyscraper construction, and 2018 was no exception.

The country’s fixation on urban growth and continued economic success is producing tall buildings at a staggering rate. Last year, a mind-boggling 89 skyscrapers were completed in 28 different cities around China.

To put this building boom into perspective, China completed more skyscrapers in one year than New York City’s entire stock of 656ft and taller buildings.

Skyscrapers in China

In 2018, no city reached for the stars quite like Shenzhen. The city, which is a hub of China’s high-flying tech sector, now has the second-most skyscrapers in the world, surpassed only by Dubai.

Shenzhen isn’t just building a lot of skyscrapers, it’s building extremely tall ones too.

In 2017, for example, the ribbon was cut on the massive Ping An Finance Center, which is currently the 4th tallest building in the world. Last year alone, four new towers cracked the 1,000ft (300m) barrier.

ASIA, RISING

While China’s scale is hard to beat, other cities in the region are also undergoing dramatic changes, particularly in Southeast Asia. Malaysia and Indonesia completed a combined 13 new skyscrapers, and the Vincom Landmark 81 was added to Ho Chi Minh City’s growing roster of unique skyscrapers.

While there are two skyscrapers under construction in Japan – one in Tokyo and one in Yokohama – none of them were completed last year.

A NEW ERA OF AMERICAN SKYSCRAPERS

After a two-decade lull in skyscraper construction, the United States is embracing taller buildings again. Last year alone, the U.S. added 14 new skyscrapers into the mix, particularly in New York City, where construction cranes dot the horizon. In the past decade, NYC has added 25 new skyscrapers to its iconic skyline.

This trend is showing no signs of slowing down. Between now and 2022, 44 skyscraper projects are expected to be completed in the United States, with the vast majority being built in the Big Apple.

 

 

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