The American Institute of Architects (AIA) has produced the first-ever Small Firm Compensation Report, dedicated to the unique needs and structure of small architecture firms.
The report includes data on compensation trends and employee demographics at small firms, which are defined as those legally structured as sole proprietorships (regardless of number of employees) and architecture firms with fewer than three architectural staff employees.
Also included in the report is information on benefits offered by small firms, and 23 detailed compensation tables broken out for six positions by firm type, firm revenue, region of the country, and more.
To develop a survey to best meet the unique needs of small firms, AIA collaborated with a working group of members of the AIA Small Firm Exchange to develop a new survey that could address the different types of small firms—and to begin to compile a body of reliable and accurate salary data.
Key highlights of the 2018 Small Firm Compensation Report:
• Nearly half of small firm employees (47%) have an ownership stake in their firm.
• At small firms, 75% of staff are either licensed architects (57%) or emerging professionals on the path to licensure (18%).
• Benefits related to employee retention and quality of life enhancement are most frequently offered by small firms.
Visit the AIA Store to purchase the report.
Related Stories
MFPRO+ Research | Oct 15, 2024
Multifamily rents drop in September 2024
The average multifamily rent fell by $3 in September to $1,750, while year-over-year growth was unchanged at 0.9 percent.
Contractors | Oct 1, 2024
Nonresidential construction spending rises slightly in August 2024
National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion.
The Changing Built Environment | Sep 23, 2024
Half-century real estate data shows top cities for multifamily housing, self-storage, and more
Research platform StorageCafe has conducted an analysis of U.S. real estate activity from 1980 to 2023, focusing on six major sectors: single-family, multifamily, industrial, office, retail, and self-storage.
Student Housing | Sep 17, 2024
Student housing market stays strong in summer 2024
As the summer season winds down, student housing performance remains strong. Preleasing for Yardi 200 schools rose to 89.2% in July 2024, falling just slightly behind the same period last year.
MFPRO+ Research | Sep 11, 2024
Multifamily rents fall for first time in 6 months
Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.
Contractors | Sep 10, 2024
The average U.S. contractor has 8.2 months worth of construction work in the pipeline, as of August 2024
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.2 months in August, according to an ABC member survey conducted Aug. 20 to Sept. 5. The reading is down 1.0 months from August 2023.
Construction Costs | Sep 2, 2024
Construction material decreases level out, but some increases are expected to continue for the balance Q3 2024
The Q3 2024 Quarterly Construction Insights Report from Gordian examines the numerous variables that influence material pricing, including geography, global events and commodity volatility. Gordian and subject matter experts examine fluctuations in costs, their likely causes, and offer predictions about where pricing is likely to go from here. Here is a sampling of the report’s contents.
Contractors | Aug 21, 2024
The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of July 2024
Associated Builders and Contractors reported today that its Construction Backlog Indicator held steady at 8.4 months in July, according to an ABC member survey conducted July 22 to Aug. 6. The reading is down 0.9 months from July 2023.
MFPRO+ Research | Aug 9, 2024
Apartment completions to surpass 500,000 for first time ever
While the U.S. continues to maintain a steady pace of delivering new apartments, this year will be one for the record books.
Contractors | Aug 1, 2024
Nonresidential construction spending decreased 0.2% in June
National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.
