Major changes to real estate are on the horizon! Marriot just announced that they will be adopting modular construction in at least 5o new hotels they will be developing this year.
Modular construction is a term used to describe the use of factory-produced pre-made building units that are delivered to the construction site. The units are then put together to form large components or substantial elements of a building.
Modular construction has been gaining traction in Europe and Asia, but has been relatively slow to get started in mainstream America. It has major advantages though: it can drastically reduce time to complete new construction projects, and it can reduce labor costs associated with the construction. Since the units are transported across the country, they are built with thick walls which are great for sound-proofing. They also offer a more consistent design and quality because they are made by factories instead of individual people in different parts of the country.
However, some people have concerns about the process. With our growing reliance on machines, modular construction has the potential to drastically reduce the number of available construction jobs in the United States. Another concern is that buildings will look exactly the same since they are made from templates. This could greatly reduce the variety and creativity involved with architecture and design.
The whole world seems to be automating as much as possible, and now factory-made hotels are becoming a reality. Will this trend continue to gain steam with other types of real estate in America? Share your thoughts below!