April 8, 2020

Architects report reduced demand, expected revenue loss and signs of future slowing of starts

Photo by Daniel McCullough on Unsplash

A new American Institute of Architects report indicates that the coronavirus pandemic has reduced the demand for construction design services, with 50{310f4324ad65b0a2030a48dd153b38f905c81f5512720fdadc65be8f0797b958} of architecture firms surveyed reporting fewer design projects than expected for March as of March 23 and 59{310f4324ad65b0a2030a48dd153b38f905c81f5512720fdadc65be8f0797b958} responding that they had fewer inquiries for new projects.

The demand for design services is considered a leading indicator of future construction activity.

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