Architects Hawaii Ltd. places in the top third of U.S. Architecture Firms for Revenue
July 01, 2011
Originally Posted On Hawaii News Now
Honolulu, Hawaii – Architects Hawaii Ltd. (AHL) made significant strides forward in the national ranking compiled by Architectural Record (July 2011), a leading industry publication. AHL placed 71st on the list, up 21 spots from the previous year’s ranking of 92, and placing the local firm in top third of the nation’s architectural firms.
Architectural Record’s annual Top 250 Architecture Firms list ranks companies according to architectural revenue in the prior year. AHL’s total architectural revenue came in at $28.35 million (design services in 2010), which is a slight decrease from the previous year’s design revenue.
“We are pleased to see our firm listed as one of the country’s top third revenue-producing design firms ,” said Bill Brizee, AIA, CSI, CCCA,CDP, LEED®-AP, AHL’s president and chief executive officer. “A primary reason for this achievement is the creative effort we’ve made in generating design work during a particularly tough economic time for the industry.”
According to AR’s findings, the profession remains in the economic doldrums. Since climbing to $12.5 billion in 2008, architectural revenue among the top 250 firms has continued its downward slide. The recession officially ended in June 2009, but designers haven’t felt much relief.
While a few sectors, such as healthcare and higher education, are somewhat active, forecasters don’t expect the architectural market to bounce back this year. For some, foreign projects are helping make up for the loss of work at home. Of the top 250 firms, 117 reported activity overseas, with international revenue totaling $1.8 billion.
For the complete list of Top 250 Architecture Firms go to: http://archrecord.construction.com/practice/top250/2011/top250-architecture-firms-1.asp
Contact: Piia Aarma, Pineapple Tweed, (m) 221-2102
Valerie Moore, Pineapple Tweed, (m) 754-3049