Strong Showing for Existing Building Projects

Forty-nine percent of architecture firm billings were dedicated to existing building projects in 2019—a 5-point increase from 2017. That percentage should continue to grow as firms respond to design needs revealed by the pandemic and opt to reduce their environmental impact by not building new. With an estimated 40% of the U.S. building stock comprised of buildings over 50 years old, there remain notable opportunities for architects in the existing building marketplace.