Archinect - News

Market for architectural services to reach $523.2 billion by 2030, new study projects

2024-02-09T17:09:00-05:00

A new study conducted by the group Grand View Research Inc. has indicated a likely rise in the global demand for architectural services to a market share of $523.2 billion by the end of the decade.

The study cites the rates of urbanization in countries such as Brazil and India alongside a worldwide focus on the creation of affordable housing as the main factors supporting a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030.

The development of Artificial Intelligence and Virtual Reality technologies was also indicated as pivotal factors driving growth. A demand to deliver green building designs across all sectors and design more humane and user-engaging spaces in the Healthcare, Residential, and Hospitality segments is also expected to favor business.

Urban Planning services are likewise predicted to grow to a CAGR of 6.4% over the same time period thanks to an increase in smart city projects and the threats posed by climate change on the built environment worldwide.

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AECOM has been enlisted by NASA to provide architecture and engineering services

2021-09-29T18:32:00-04:00

AECOM has announced that it has been selected by the National Aeronautics and Space Administration (NASA) to provide architecture and engineering services as part of its Southeast Regional Architect and Engineering (SERAE) program. The five-year, multiple-award indefinite delivery, indefinite quantity (IDIQ) contract has a shared program ceiling of $300 million.

AECOM will focus on the rehabilitation, modernization, and development of new systems for facilities, utilities, and ground support at prominent NASA locations across the United States. They include the Kennedy Space Center in Florida, Johnson Space Center in Texas, White Sands Test Facility in New Mexico, and more.

The firm will provide a wide range of architecture, civil, structural, mechanical, and electrical infrastructure services across all project phases, including planning and feasibility, permitting, preliminary engineering, final design, engineering services during construction, activation, and commissioning. They...

Ohio Tax Proposal Would Extend Sales Tax to Architectural Services

2013-03-06T15:00:00-05:00

While architects and small firms would undoubtedly benefit from the income tax cuts and deduction, the sales tax on services is problematic for the architectural profession. If the tax plan is approved, architects may find themselves at a distinct disadvantage to out of state firms.

via David Cole in the Forum