In the three years leading up to the current recession, gross billings at U.S. architecture firms increased nearly $16 billion from 2005 and totaled $44.3 billion in 2008. That equates to 54% growth over three years with annual growth of about 16%. These findings come from the American Institute of Architects (AIA) Business of Architecture: AIA Survey Report on Firm Characteristics, which is conducted every three years to examine issues related to the business practices of AIA member-owned architecture firms. The study also revealed sizeable gains in the number of firms doing green design projects, as well as using Building
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.