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Upward Momentum: Charting a Year of Skyscraper Construction

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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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Misc

Ranked: America’s Best Universities

Evaluated on 19 different metrics, here’s the list of America’s best universities, led by 14 private schools.

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Ranked: America’s Best Universities

The latest ranking of America’s best universities is here, perfectly timed for the approaching admissions season.

“Best” is of course subjective, and U.S. News and World Report has compiled 19 metrics on which they evaluated more than 400 national universities. Some of them include:

  • Graduation rates & performance: A four-year rolling average of the proportion of each entering class earning a bachelor’s degree in six years or less. Performance is measured against predictions made by the publishers, and when beaten, the university gains a higher scoring.
  • Peer assessment: A two-year weighted average of ratings from top academics—presidents, provosts and deans of admissions—on academic quality of peer institutions with which they are familiar.
  • Financial resources: The average per student spend on instruction, research, student services and related educational expenditures in the 2021 fiscal year.
  • Debt: A school’s average accumulated federal loan debt among borrowers only.
  • Pell graduation rates & performance: the same calculation as stated above, but focused only on Pell Grant students, adjusted to give more credit to schools with larger Pell student proportions.

The website’s methodology section details how they sourced their data, the weights assigned to each metric, and their changes over the years.

From the hundreds assessed come the nearly 50 best universities that offer a variety of undergraduate majors, post-graduate programs, emphasize research, or award professional practice doctorates.

Which are the Best Universities in America?

At the top of the list, Princeton University is the best university in the country, known for its physics, economics, and international relations departments. Notably, it’s a rare Ivy league university that does not have a law, medical, or business school.

Here’s the full ranking of America’s best universities, along with annual tuition requirements.

RankSchool NameStateTuition
1Princeton UniversityNew Jersey$59,710
2Massachusetts
Institute of
Technology
Massachusetts$60,156
3Harvard UniversityMassachusetts$59,076
3Stanford UniversityCalifornia$62,484
5Yale UniversityConnecticut$64,700
6University of
Pennsylvania
Pennsylvania$66,104
7California Institute
of Technology
California$63,255
7Duke UniversityNorth Carolina$66,172
9Brown UniversityRhode Island$68,230
9Johns Hopkins
University
Maryland$63,340
9Northwestern UniversityIllinois$65,997
12Columbia UniversityNew York$65,524
12Cornell UniversityNew York$66,014
12University of ChicagoIllinois$65,619
15University of
California, Berkeley
California$48,465 (out-state)
$15,891 (in-state)
15University of
California, LA
California$46,326 (out-state)
$13,752 (in-state)
17Rice UniversityTexas$58,128
18Dartmouth CollegeNew Hampshire$65,511
18Vanderbilt UniversityTennessee$63,946
20University of Notre DameIndiana$62,693
21University of
Michigan, Ann Arbor
Michigan$57,273 (out-state)
$17,786 (in-state)
22Georgetown UniversityWashington, DC$65,082
22University of North
Carolina at Chapel Hill
North Carolina$39,338 (out-state)
$8,998 (in-state)
24Carnegie Mellon UniversityPennsylvania$63,829
24Emory UniversityGeorgia$60,774
24University of VirginiaVirginia$58,950 (out-state)
$22,323 (in-state)
24Washington
University, St. Louis
Missouri$62,982
28University of
California, Davis
California$46,043 (out-state)
$15,266 (in-state)
28University of
California, San Diego
California$48,630 (out-state)
$16,056 (in-state)
28University of FloridaFlorida$28,658 (out-state)
$6,381 (in-state)
28University of
Southern California
California$68,237
32University of
Texas, Austin
Texas$41,070 (out-state)
$11,698 (in-state)
33Georgia Institute
of Technology
Georgia$32,876 (out-state)
$11,764 (in-state)
33University of
California, Irvine
California$47,759 (out-state)
$15,185 (in-state)
35New York UniversityNew York$60,438
35University of
California, Santa
Barbara
California$45,658 (out-state)
$14,881 (in-state)
35University of Illinois
Urbana-Champaign
Illinois$36,068 (out-state)
$17,572 (in-state)
35University of
Wisconsin, Madison
Wisconsin$40,603 (out-state)
$11,205 (in-state)
39Boston CollegeMassachusetts$67,680
40Rutgers University,
New Brunswick
New Jersey$36,001 (out-state)
$17,239 (in-state)
40Tufts UniversityMassachusetts$67,844
40University of WashingtonWashington$41,997 (out-state)
$12,643 (in-state)
43Boston UniversityMassachusetts$65,168
43The Ohio State UniversityOhio$36,722 (out-state)
$12,485 (in-state)
43Purdue University,
Main Campus
Indiana$28,794 (out-state)
$9,992 (in-state)
46University of
Maryland, College
Park
Maryland$40,306 (out-state)
$11,505 (in-state)
47Lehigh UniversityPennsylvania$62,180
47Texas A&M UniversityTexas$40,607 (out-state)
$12,413 (in-state)
47University of GeorgiaGeorgia$30,220 (out-state)
$11,180 (in-state)
47University of RochesterNew York$64,384
47Virginia TechVirginia$36,090 (out-state)
$15,478 (in-state)
47Wake Forest UniversityNorth Carolina$64,758
53Case Western
Reserve University
Ohio$62,234
53Florida State UniversityFlorida$21,683 (out-state)
$6,517 (in-state)
53Northeastern UniversityMassachusetts$63,141
53University of
Minnesota, Twin
Cities
Minnesota$36,402 (out-state)
$16,488 (in-state)
53William & MaryVirginia$48,841 (out-state)
$25,041 (in-state)

MIT places second, and Harvard and Stanford tie for third. Yale rounds out the top five.

Private universities, including seven Ivy League colleges, dominate the top of the rankings. Meanwhile, the highest-ranked public schools are tied at 15th, both state schools in California.

For affordability, since the higher ranks are populated by private universities, there tends to be a broad correlation of better universities being more expensive. That said, the most expensive school in the top 50 ranks is actually the University of Southern California, tied at 28th, for $68,237/year.

As it happens, also tied at 28th, the University of Florida is the most affordable public school for in-state students ($6,381/year) and Florida State University tied at 53rd, is the most affordable for out-of-staters at $21,683/year.

However these costs are tuition-only, and don’t account for other necessary expenses: accommodation, food, and textbooks.

Best University versus Best “Fit”

Finding the best university for prospective students is more than just perusing a long ranking list.

Aside from the numerous schools present within each university—which can often be the best for specific majors—factors like location, proximity to family, campus culture, the non-academic pursuits (sports, extracurriculars, internships) are also taken into consideration.

In fact, research has found that just attaining a university degree improves future earnings potential and employability.

Furthermore, individual engagement at college (irrespective of the rank of the school in question) plays a far bigger role in learning and general well-being than simply attending a highly-ranked school.

However, for low income and minority students, attending a top-ranked school does improve future earnings considerably. For women, it also often results in delaying marriage and kids, which results in more work-hours and as a result, more pay.

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