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
| Sep 14, 2011
Lend Lease’s role in 9/11 Memorial & Museum
Lend Lease is honored to be the general contractor for the National September 11 Memorial & Museum project at the World Trade Center site in New York City.
| Sep 14, 2011
Thornton Tomasetti’s Poon named to the Council on Tall Buildings and Urban Habitat’s Board of Trustees
During his 30-plus years of experience, Poon has been responsible for the design and construction of super high-rise structures, mixed-used buildings, hotels, airports, arenas and residential buildings worldwide.
| Sep 12, 2011
PVs play new roles as a teaching tool
Solar installations are helping K-12 schools around the country save money and teach students the intricacies of renewable energy sources.
| Sep 12, 2011
Living Buildings: Are AEC Firms up to the Challenge?
Modular Architecture > You’ve done a LEED Gold or two, maybe even a LEED Platinum. But are you and your firm ready to take on the Living Building Challenge? Think twice before you say yes.
| Sep 12, 2011
First phase of plan to revitalize Florida's Hialeah Park announced
This is the first project of a master plan developed to revive the historic racetrack.
| Sep 9, 2011
Kauffman Center for the Performing Arts in Kansas City opens this month
Theatre Projects played the lead role in theatre design and planning as well as in engineering the customized theatre equipment. BNIM in Kansas City served as the executive architect.
| Sep 9, 2011
$22 million investment made in energy efficient building maker
The buildings use at least 25% less energy than the strictest building codes in the U.S., and as much as 80% less energy in certain parts of the country.
| Sep 8, 2011
Two promoted at ajc architects
ajc architects announced the promotion of Joshua W. Greene, AIA, NCARB, LEED Green Associate to Associate Principal of the firm. The firm also announced that Kent Rigby, AIA, has been promoted to Associate Architect.
| Sep 7, 2011
KSS Architects wins AIA NJ design award
The project was one of three to win the award in the category of Architectural/Non-Residential.
