Nationally, modular construction accounts for just about 5% of all commercial construction, per the Modular Building Institute. But it is gathering strength, and market value for modular in new real estate construction could hit $130B in Europe and the U.S. in the next decade, according to McKinsey & Co. In New York City, where real estate and construction is famously slow to adapt, the method is still rare — though there are some notable recent modular projects in the city.
Photo by Krishna Enterprises