Market Recovery Still Lagging for Southeast Designers
The ongoing Southeast retrenchment for architectural and engineering services continued unabated in 2010, as evidenced by a further decline in the collective revenue represented by ENR Southeast's most recent Top Design Firms ranking. This year's ranking includes slightly more than $2.65 billion in collective 2010 revenue from projects located in the four-state region of Florida, Georgia and the Carolinas, down from last year's total of approximately $2.9 billion.
That total is a depressing reminder of the Southeast market's decline. Just two years ago, for example, the region's architects and engineers reported roughly $3.9 billion in revenue—almost 50% more than the current total.