Office Report: Fitouts, renovations keep sector moving

BD+C's Giants 300 Top 25 AEC Firms in the Office sector.

Headquarters of 9to5 Seating, Hawthorne, Calif., a manufacturer of ergonomic off
Headquarters of 9to5 Seating, Hawthorne, Calif., a manufacturer of ergonomic office seating. The 100,000-sf office, manufacturing, and warehouse facility, designed by Ware Malcomb, is targeted for LEED Gold certification. LEED points came from brownfield redevelopment, renewable energy (solar panels), stormwater runoff control, a white roof, water-efficient landscaping, 40% water reduction, and 22% energy savings over conventional design. Courtesy Ware Malcomb
July 20, 2012

Is there life after death? Judging by the commercial office sector, maybe there is. After several years in an advanced stage of morbidity, propped up largely by tenant fitouts and renovations, the office sector may be starting to show signs of life.

The ULI Center for Capital Markets and Real Estate recently stated (based on data from CBRE) that the sector is expected to show “steady and substantial three-year improvements,” with vacancy rates declining from 15.4% this year, to 14.4% in 2013 and 12.3% by year-end 2014.

Rental rates should be up 3.7% in ’13, says the ULI. +

 

TOP 25 OFFICE SECTOR ARCHITECTURE FIRMS

Rank Company 2011 Office Revenue ($)
1 Gensler 432,000,000
2 HOK 144,865,720
3 Perkins+Will 103,737,646
4 HDR Architecture 40,800,000
5 Kohn Pedersen Fox Associates 40,030,000
6 Hammel, Green and Abrahamson 39,600,000
7 NBBJ 38,830,000
8 RTKL Associates 38,055,565
9 Nelson 36,223,716
10 SmithGroupJJR 30,700,000
11 Heery International 29,004,000
12 PageSoutherlandPage 28,130,000
13 HLW International 26,750,000
14 HNTB Architecture 25,231,479
15 Cannon Design 23,000,000
16 IBI Group 22,391,853
17 EYP Architecture & Engineering 20,000,000
18 Little 19,739,500
19 LEO A DALY 16,832,770
20 Ware Malcomb 16,762,000
21 DLR Group 14,000,000
22 ZGF Architects 13,227,504
23 RSP Architects 13,151,000
24 HKS 12,227,874
25 Corgan Associates 12,109,000

 

TOP 25 OFFICE SECTOR ENGINEERING FIRMS

Rank Company 2011 Office Revenue ($)
1 AECOM Technology  Corp. 1,291,000,000
2 Jacobs 261,100,000
3 Parsons Brinckerhoff 127,900,000
4 Science Applications International Corp. 116,240,000
5 URS Corp. 58,000,000
6 Burns & McDonnell 43,493,660
7 Michael Baker Jr., Inc. 42,890,000
8 Stantec 42,300,000
9 Dewberry 41,215,530
10 Thornton Tomasetti 34,780,000
11 WSP USA 34,500,000
12 ESD/Environmental Systems Design 22,900,000
13 Arup 19,146,849
14 Syska Hennessy Group 18,504,074
15 AKF Group 15,500,000
16 Sebesta Blomberg 14,590,000
17 GHT Limited 13,891,000
18 Clark Nexsen 13,029,482
19 Glumac 11,736,618
20 KPFF Consulting Engineers 10,000,000
21 R.G. Vanderweil Engineers 9,354,500
22 Wiss, Janney, Elstner Associates 8,967,000
23 RDK Engineers 8,835,000
24 H&A Architects & Engineers 7,757,000
25 Interface Engineering 7,290,488

 

TOP 25 OFFICE SECTOR CONSTRUCTION FIRMS

Rank Company 2011 Office Revenue ($)
1 Turner Corporation, The 1,489,944,482
2 Clark Group 1,148,992,603
3 Structure Tone 1,004,320,000
4 Balfour Beatty US 825,948,471
5 Hensel Phelps Construction 619,660,000
6 Gilbane Building Co. 617,058,000
7 PCL Construction Enterprises 594,444,509
8 BL Harbert International 589,000,000
9 James G. Davis Construction Corp. 450,000,000
10 Clayco 426,000,000
11 Suffolk Construction 388,644,645
12 Whiting-Turner Contracting Co., The 386,520,693
13 Holder Construction 327,000,000
14 Tutor Perini Corp. 312,940,000
15 Weitz Company, The 302,418,397
16 Ryan Companies US 288,463,756
17 DPR Construction 261,922,722
18 Jacobs 261,100,000
19 Webcor Builders 229,121,806
20 Mortenson 221,980,000
21 Walsh Group, The 211,738,006
22 JE Dunn Construction 203,050,158
23 Pepper Construction Group 197,357,000
24 Jones Lang LaSalle 180,000,000
25 Lend Lease 173,228,092
         
 

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