According to the 2017 Tall Building Year in Review, the annual web report from The Council on Tall Buildings and Urban Habitat (CTBUH), a record-breaking 144 buildings 200 meters tall (656 feet tall) or higher were completed in 2017, led by the 599-meter-tall Ping An Finance Center and 555-meter-tall Lotte World Tower.
In the report, CTBUH outlines this year’s trends in tall building design. Notably, 2017 proved to be the most geographically diverse year in history for tall buildings, with 69 cities across 23 countries completing new towers, an significant increase from 54 cities and 18 countries in 2016. Of those numbers, 28 cities and 8 countries completed their new tallest building.
“The data from 2017 shows a continuation of the trend towards a greater global proliferation of skyscraper construction,” commented CTBUH Executive Director Antony Wood. “High-rise construction is no longer confined to a select few financial and business centers, but rather is becoming the accepted global model for densification as more than one million people on our planet urbanize each week. Thirteen cities saw their first 200-meter-plus high-rise completion in 2017, in addition to the 28 cities and eight countries that saw their tallest building completed this year.”
While geographic diversity was up, China more than retained its reign as the world leader in skyscraper construction, completing 53 percent of all new buildings over 200 meters. In fact, one Chinese city, Shenzhen, finished 12 of such buildings this year, more than any other country. The U.S. ranked second in the country list, with 10 new completed skyscrapers in 2017.
Other trends identified by the report include a shift in program type from all-office to mixed-used and residential towers. After representing 52 percent of all completions in 2016, all-office buildings constituted just 39 percent of this year’s total.
“It is tempting to speculate that we are now seeing the built results of a full-blown recovery from the 2008 economic crisis, as greater confidence in single-function programs sparks a resurgence in speculative residential development,” said Steve Watts, CTBUH Chairman. “Further, there’s been growing interest over the past several years in residential real-estate investment by absentee owners as a wealth management strategy. However, market dynamics vary greatly between regions, so it’s likely there are other factors to the story.”
According to the report, 2018 is projected to be another record breaking year, led by the anticipated completions of two 500-meter-plus buildings, the 597-meter-tall Goldin Finance 117 in Tianjin and the 529-meter-tall China Zun Tower in Beijing.
Find the whole online report, here and check out some of the most significant skyscrapers completed in 2017