Is there life after death? Judging by the commercial office sector, maybe there is. After several years in an advanced stage of morbidity, propped up largely by tenant fitouts and renovations, the office sector may be starting to show signs of life.
The ULI Center for Capital Markets and Real Estate recently stated (based on data from CBRE) that the sector is expected to show “steady and substantial three-year improvements,” with vacancy rates declining from 15.4% this year, to 14.4% in 2013 and 12.3% by year-end 2014.
Rental rates should be up 3.7% in ’13, says the ULI. +
TOP 25 OFFICE SECTOR ARCHITECTURE FIRMS
| Rank | Company | 2011 Office Revenue ($) |
| 1 | Gensler | 432,000,000 |
| 2 | HOK | 144,865,720 |
| 3 | Perkins+Will | 103,737,646 |
| 4 | HDR Architecture | 40,800,000 |
| 5 | Kohn Pedersen Fox Associates | 40,030,000 |
| 6 | Hammel, Green and Abrahamson | 39,600,000 |
| 7 | NBBJ | 38,830,000 |
| 8 | RTKL Associates | 38,055,565 |
| 9 | Nelson | 36,223,716 |
| 10 | SmithGroupJJR | 30,700,000 |
| 11 | Heery International | 29,004,000 |
| 12 | PageSoutherlandPage | 28,130,000 |
| 13 | HLW International | 26,750,000 |
| 14 | HNTB Architecture | 25,231,479 |
| 15 | Cannon Design | 23,000,000 |
| 16 | IBI Group | 22,391,853 |
| 17 | EYP Architecture & Engineering | 20,000,000 |
| 18 | Little | 19,739,500 |
| 19 | LEO A DALY | 16,832,770 |
| 20 | Ware Malcomb | 16,762,000 |
| 21 | DLR Group | 14,000,000 |
| 22 | ZGF Architects | 13,227,504 |
| 23 | RSP Architects | 13,151,000 |
| 24 | HKS | 12,227,874 |
| 25 | Corgan Associates | 12,109,000 |
TOP 25 OFFICE SECTOR ENGINEERING FIRMS
| Rank | Company | 2011 Office Revenue ($) |
| 1 | AECOM Technology Corp. | 1,291,000,000 |
| 2 | Jacobs | 261,100,000 |
| 3 | Parsons Brinckerhoff | 127,900,000 |
| 4 | Science Applications International Corp. | 116,240,000 |
| 5 | URS Corp. | 58,000,000 |
| 6 | Burns & McDonnell | 43,493,660 |
| 7 | Michael Baker Jr., Inc. | 42,890,000 |
| 8 | Stantec | 42,300,000 |
| 9 | Dewberry | 41,215,530 |
| 10 | Thornton Tomasetti | 34,780,000 |
| 11 | WSP USA | 34,500,000 |
| 12 | ESD/Environmental Systems Design | 22,900,000 |
| 13 | Arup | 19,146,849 |
| 14 | Syska Hennessy Group | 18,504,074 |
| 15 | AKF Group | 15,500,000 |
| 16 | Sebesta Blomberg | 14,590,000 |
| 17 | GHT Limited | 13,891,000 |
| 18 | Clark Nexsen | 13,029,482 |
| 19 | Glumac | 11,736,618 |
| 20 | KPFF Consulting Engineers | 10,000,000 |
| 21 | R.G. Vanderweil Engineers | 9,354,500 |
| 22 | Wiss, Janney, Elstner Associates | 8,967,000 |
| 23 | RDK Engineers | 8,835,000 |
| 24 | H&A Architects & Engineers | 7,757,000 |
| 25 | Interface Engineering | 7,290,488 |
TOP 25 OFFICE SECTOR CONSTRUCTION FIRMS
| Rank | Company | 2011 Office Revenue ($) |
| 1 | Turner Corporation, The | 1,489,944,482 |
| 2 | Clark Group | 1,148,992,603 |
| 3 | Structure Tone | 1,004,320,000 |
| 4 | Balfour Beatty US | 825,948,471 |
| 5 | Hensel Phelps Construction | 619,660,000 |
| 6 | Gilbane Building Co. | 617,058,000 |
| 7 | PCL Construction Enterprises | 594,444,509 |
| 8 | BL Harbert International | 589,000,000 |
| 9 | James G. Davis Construction Corp. | 450,000,000 |
| 10 | Clayco | 426,000,000 |
| 11 | Suffolk Construction | 388,644,645 |
| 12 | Whiting-Turner Contracting Co., The | 386,520,693 |
| 13 | Holder Construction | 327,000,000 |
| 14 | Tutor Perini Corp. | 312,940,000 |
| 15 | Weitz Company, The | 302,418,397 |
| 16 | Ryan Companies US | 288,463,756 |
| 17 | DPR Construction | 261,922,722 |
| 18 | Jacobs | 261,100,000 |
| 19 | Webcor Builders | 229,121,806 |
| 20 | Mortenson | 221,980,000 |
| 21 | Walsh Group, The | 211,738,006 |
| 22 | JE Dunn Construction | 203,050,158 |
| 23 | Pepper Construction Group | 197,357,000 |
| 24 | Jones Lang LaSalle | 180,000,000 |
| 25 | Lend Lease | 173,228,092 |
Related Stories
Building Technology | Mar 8, 2019
What is your firm's innovation 'hit rate'?
As firms begin to adopt the practices and mindset of Silicon Valley tech and advanced manufacturing, it’s fair to ask: Are all of these innovation projects and initiatives working?
Architects | Mar 7, 2019
HED, Integrated Design Group to merge firms
ID has a strong reputation for data center design with locations in Boston in Dallas.
Architects | Mar 5, 2019
Arata Isozaki named 2019 Pritzker Architecture Prize Laureate
The Japanese architect, city planner, and theorist is known for his deep commitment to the “art of space” and transnational methodology.
Education Facilities | Feb 25, 2019
Fallingwater Institute’s summer residency programs have a new educational hub
Bohlin Cywinski Jackson designed the project.
Architects | Feb 14, 2019
Amazon will not build HQ2 in New York City
The tech giant walks away from a deal, succumbing to opposition over huge tax breaks.
Architects | Feb 12, 2019
The basics of building commissioning
As building system technology increases in complexity and sustainability remains at the forefront of design, the need for commissioning continues to rise. This is the first post in our series examining the basics, benefits and boundaries of building commissioning.
Architects | Jan 28, 2019
9 tech trends to track in 2019
Innovations in voice recognition, cognitive neuroscience, and biometrics are among the trending tech topics for 2019, according to CallisonRTKL's Kristin Tilley.
AEC Tech | Jan 9, 2019
Our robotic future: Assessing AI's impact on the AEC profession and the built environment
This is the first in a series by Lance Hosey, FAIA, on how automation is disrupting design and construction.
Architects | Dec 17, 2018
New toolkit helps architect achieve high-performance buildings
Architects can download a copy of the toolkit online.
Architects | Dec 13, 2018
Social media synergy: Revving up your AEC firm’s content engine
Design firms know that just having a website and a blog aren’t enough, but social media complicates how they communicate.
