The supertall skyscrapers boom is out of control
In 2008, developers around the world built a grand total of four “supertall” skyscrapers, a term that refers to buildings that shoot 1,000 feet or more into the air. Fast forward 10 years later, and that number has more than quadrupled. In 2018, developers built more tall buildings than any other year in history–a grand total of 18.
Looking at projections, 2019 could break both the records for total skyscrapers and supertall skyscrapers built in a single year–but let’s not get ahead of ourselves. Those jobs aren’t done yet. And more importantly, as CTBUH notes, the current skyscraper boom might not last forever. Even the skyscrapers built outside of China are often being funded by Chinese banks and developers. If tariffs are passed on steel, or if China chooses to continue a more conservative path toward foreign investment, we may very well have a looming shortfall on tall buildings.