AIA's new Firm Survey Report finds emerging demographics, market trends, and room for growth nationwide
archinect.com
The newly updated AIA Firm Survey Report 2024 from the American Institute of Architects has been published, revealing the dynamics at play for firms in a rapidly consolidating market and increasingly fragmented profession.The report assesses answers from more than 1,200 firm respondents and provides insights into factors such as the flight of new projects toward the commercial and institutional sectors and a subsequent decline of involvement with new single-family and manufacturing sector designs nationwide.Incumbent trends such as higher rates of diversity amongst the youngest employee age groups, the decline of single-discipline firms, and cascading average firm age relative to their sizes (e.g. older firms tend to be larger) remained as constants in the firm and staff profile subsection.Related on Archinect: Quality-of-life benefits increasing in architecture firms, but compensation lags behind inflation, says AIA reportThe financial picture for firms generally is framed by th...
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