The JAGG Group, a consulting and publishing company dedicated to the architecture, engineering, environmental and construction industries, ranks the apartment market as the hottest for AEC firms working in the United States in 2013.
The company’s 270-page report – The 2013 Guide to the U.S. AEC Markets – ranks 40 separate market sectors served by AEC firms within seven broader categories: residential, commercial, institutional, transportation, water/wastewater, environmental and power.
The full list is available on the firm’s blog (http://www.aecinsight.com).
“Ranking the markets according to a variety of factors, including size, anticipated growth and intangibles unique to the individual market gives some guidance to firms planning their marketing and business development approach in 2013,” says report author Jerry Guerra. “The intention is to show the relative strength various markets served by AEC firms in the United States. It is essentially a summary of the data and information presented throughout the rest of the report, which is where the real meat of these rankings lies.”
The report predicts that the multifamily-for-rent market, which enjoyed solid growth and high activity in 2012, will repeat its strong performance in 2013. The apartment market is followed in the rankings by natural gas, senior housing, transmission/ distribution and health care as the five markets anticipated to be the healthiest in 2013.
On the opposite end of the ranking for the New Year are high-speed rail, nuclear power and brownfields.
The report ranks the markets according to a weighted scale that takes into account the market’s size, short-term growth projection (2013), long-term growth projection (annualized five-year estimate) and a variety of intangible factors.
The intangible category – worth 20% of the total – is included to adjust for factors outside of size and anticipated growth. For example, single-family housing is a massive market expected to have a high growth rate in both the short- and long-term. However, because the market is recovering from such a low point, competition is high (including many small firms still starving for work) and opportunities for traditional architecture and engineering firms are limited, the “intangible” category drags the single-family housing market closer to the middle of the pack (12th overall).
To support the market sector rankings and provide more insight into their outlook for 2013, the book includes more than 150 pages of analysis. The annual report – the sixth authored by the 10-year-old JAGG Group – also includes top industry trends, an analysis of the 2012 Election results, an overview of the industry and U.S. economy, and a glimpse of international market opportunities for 2013. +
Related Stories
| Mar 29, 2013
Detroit's historic Whitney Building to be renovated for hotel, apartments
Detroit's David Whitney Building, a 19-story landmark erected in 1915, will be renovated for an Aloft hotel and apartments.
| Mar 29, 2013
PBS broadcast to highlight '10 Buildings That Changed America'
WTTW Chicago, in partnership with the Society of Architectural Historians, has produced "10 Builidngs That Changed America," a TV show set to air May 12 on PBS.
| Mar 29, 2013
Shenzhen projects halted as Chinese officials find substandard concrete
Construction on multiple projects in Guangdong Province—including the 660-m Ping'an Finance Center—has been halted after inspectors in Shenzhen, China, have found at least 15 local plants producing concrete with unprocessed sea sand, which undermines building stabity.
| Mar 29, 2013
Pearce Brinkley Cease + Lee joins Clark Nexsen
Clark Nexsen, PC, headquartered in Norfolk, Va., has announced that the architecture firm Pearce Brinkley Cease + Lee (PBC+L) of Raleigh and Asheville, NC, has officially joined Clark Nexsen.
| Mar 29, 2013
Cuningham Group acquires NTD's healthcare practice, expands into key markets
The international design firm Cuningham Group Architecture, Inc. has announced that NTD Healthcare has the joined the company in a strategic expansion. A practice of NTD Architecture, NTD Healthcare joins Cuningham Group with three principals: Wayne Hunter, AIA, NCARB, ACHA and Phillip T. Soule, III, AIA, ACHA in San Diego, along with Maha Abou-Haidar, AIA in Phoenix.
| Mar 27, 2013
Small but mighty: Berkeley public library’s net-zero gem
The Building Team for Berkeley, Calif.’s new 9,500-sf West Branch library aims to achieve net-zero—and possibly net-positive—energy performance with the help of clever passive design techniques.
| Mar 27, 2013
RSMeans cost comparisons: college labs, classrooms, residence halls, student unions
Construction market analysts from RSMeans offer construction costs per square foot for four building types across 25 metro markets.
| Mar 26, 2013
Will Google Glass revolutionize the construction process?
An Australian architect is exploring the benefits of augmented reality in the design and construction process.
| Mar 24, 2013
World's tallest data center opens in New York
Sabey Data Center Properties last week celebrated the completion of the first phase of an adaptive reuse project that will transform the 32-story Verizon Building in Manhattan into a data center facility. When the project is completed, it will be the world's tallest data center.