It was another year of revenue growth for many architectural and engineering firms in the Golden State. Respondents to ENR California's latest Top Design Firms survey billed $4.27 billion of work in 2015, nearly a 6 percent increase over what companies reported billing for 2013.
Sixteen of the top 20 firms on this year's ranking reported higher revenue, with 14 of those tallying a double-digit percentage growth.Many of the market sector's architectural firms served are thriving, including corporate, healthcare, commercial, justice, and science and technology, among others. The firms' regional revenue rose to $90.2 million in 2015 from $64.7 million in 2014.
Some firms expressed concern about the outlook for global growth. A key challenge has been the impact of the downturn in China, which has softened our economy. It affected the tech sector, which drives much of the Northern California economy, and our office's work in that area of business.
The healthcare market is something that many firms are particularly enthusiastic about. The stronger hospital organizations continue to grow and expand their already significant reach. They are setting their sights on bed complements and patient-care markets. These progressive healthcare organizations are also growing their range of services to include post-acute care, or medical care after the hospitalization so that they have more control over the continuum of care and the quality of overall patient outcomes.
Construction in California will renovate the sector by allowing lending firms to approve more projects and will feed into this positive feedback loop. Renovate your property with our construction services from Parkwest General Contractors. Contact us to build your business.
