Wifijerez's 2016 Rising Giants


Fees & Salaries


Growth


Market Segments


Issues & Trends


 
They had every reason to be optimistic.


Wifijerez’s Rising Giants, the 100 firms right behind the top 100 Giants, had seen steady revenue growth for years, ever since the Great Recession faded away, and were forecasting a robust $536 million in design fees, which would have amounted to double the actual total of five surveys before. Not only did that not happen, but we actually saw fees go down for the first time since 2009. Though a very respectable number, $456 million is still off 3 percent from last time and, of course, nowhere near the forecast.


This isn’t great news. Numbers trending downward is a good thing in golf, not business. But we’re hardly talking catastrophe. Despite a leveling off, even a slight retreat, let’s not lose sight of the fact that business, on the whole, is very good. Nearly 60 firms reported average revenue growth of 17 percent. Only 28 earned less, 16 percent on average. Those numbers are the highest and lowest, respectively, since the pre-recession days of 2007.


There's lots to like in the current data. For the first time in a while, though, there's reason for the Rising Giants to be vigilant, too.

Rising Giants 1-100

2016 Rank Firm Headquarters Design Fees (millions) Value (millions) Sq. Ft. (millions) Design Staff 2015 Rank
1 Rockville, MD $8.500 $7.500 0.63 18 10
2 Oak Park, IL $8.475 $125.000 1.15 84 6
3 Boston $7.400 $170.000 1.00 39 23
4 Vancouver, British Columbia $8.300 NR NR 53 4
5 New York $8.150 $10.000 3.00 53 37
6 Long Beach, CA $8.100 $110.000 NR 52 1
7 Oakbrook Terrace, IL $7.878 $148.500 0.9 44 2
8 San Francisco $7.850 $4.000 NR 35
9 Chicago $7.800 NR NR 48 18
10 Washington $7.692 $124.000 0.93 24 11
11 Novato, CA $7.500 $120.000 0.60 66 22
12 Boston $7.490 $290.000 4.25 38 27
13 Austin, TX $7.425 $106.400 2.00 29 29
14 Dallas $7.290 $68.000 6.50 63 24
15 Detroit $7.250 $100.000 2.00 8
16 Dallas $7.200 $1,100.000 5.20 48 21
17 Cambridge, MA $7.150 $68.000 2.50 30 20
18 Oak Brook, IL $7.100 $200.000 1.50 40 26
19 Southfield, MI $7.000 $68.000 0.70 28 17
20 New York $7.000 NR 0.64 38
21 Dallas $6.800 $200.000 7.43 37 39
22 Conshohocken, PA $6.500 $224.000 2.80 19 28
23 Cincinnati $6.443 $592.500 5.27 25 31
24 Baltimore $6.402 $76.500 1.77 26 33
25 New York $6.200 $300.000 2.00 25 38`
26 Atlanta $6.076 NR NR 37 30
27 Calgary, Alberta $6.014 NR NR 36
28 Atlanta $6.000 $200.000 5.50 28 12
29 Shanghai $5.795 $9.160 0.13 40 59
30 McLean, VA $5.616 NR 3.50 19 53
31 Irvine, CA $5.500 NR 0.96 25 36
32 ** Dallas $5.333 NR NR 43 35
33 San Jose, CA $5.300 $120.000 5.00 32 42
34 Glastonbury, CT $5.190 NR 1.70 16
35 Cambridge, MA $5.184 $32.787 0.11 9 25
36 Westlake Village, CA $5.080 $4.135 1.30 31 51
37 Los Angeles $5.000 $40.000 2.00 24 41
38 Washington $4.950 NR NR 26 47
39 Baltimore $4.900 NR NR 35 52
40 Fairfax, VA $4.887 $7.130 NR 28 13
41 Emeryville, CA $4.785 NR 1.18 14 46
42 Philadelphia $4.735 $55.000 0.61 29 65
43 Newport Beach, CA $4.700 $150.000 5.00 29 49
44 New York $4.530 NR NR 18 43
45 San Francisco $4.500 $6.000 0.30 24 54
46 San Francisco $4.423 NR NR 30 34
47 Eugene, OR $4.350 $1,000.000 4.00 67 66
48 Seattle $4.325 $230.000 NR 23 72
49 Mumbai $4.128 $276.140 6.50 144
50 Las Vegas $4.100 NR NR 22 45
51 Aspen, CO $4.027 $204.056 1.20 17 62
52 Honolulu $4.010 $7.087 NR 20
53 Philadelphia $4.000 $100.000 1.43 20 94
54 Agoura Hills, CA $4.000 $30.000 NR 15 61
55 Hilton Head Island, SC $3.994 $10.036 0.55 23 57
56 Hamburg, Germany $3.950 $50.000 NR 32 60
57 Chicago $3.913 $3.600 9.45 6 86
58 Tampa, FL $3.840 NR NR 24 75
59 Greenvale, NY $3.825 $30.000 0.13 23 67
60 San Francisco $3.795 $75.002 1.00 25
61 San Francisco $3.780 $19.500 0.06 42 88
62 Edwards, CO $3.756 $9.919 NR 16 70
63 Mineola, NY $3.500 $63.000 1.25 15 64
64 Los Angeles $3.400 $108.000 1.45 16 69
65 Philadelphia $3.340 NR 0.40 18 82
66 Sudbury, MA $3.300 NR 0.40 26 76
67 Raleigh, NC $3.244 $50.000 0.80 22
68 Dallas $3.241 $10.959 NR 42 58
69 Los Angeles $3.200 NR NR 15
70 Los Angeles $3.166 $45.000 0.60 14 81
71 Memphis $3.150 NR NR 20
72 New York $3.146 $22.400 0.39 17 83
73 Ardmore, PA $3.100 $5.000 NR 38 73
74 Houston $3.023 NR NR 30 63
75 Marina del Rey, CA $3.000 $20.000 1.75 9 84
76 Fairfield, CT $2.875 $59.950 NR 14 78
77 Phoenix $2.847 NR 0.17 14 74
78 Costa Mesa, CA $2.796 $77.969 0.21 23 71
79 Irvine, CA $2.700 $25.000 0.04 18 87
80 New York $2.500` $93.000 0.75 20 92
81 Atlantic City, NJ $2.500 $55.000 0.48 14 79
82 Los Angeles $2.500 $50.000 NR 16 85
83 Atlanta $2.500 $10.535 1.71 26 48
84 Atlanta $2.387 NR NR 21 97
85 San Diego $2.328 $9.310 1.16 14 40
86 New York $2.250 $20.000 1.00 12
87 Cleveland $2.200 $55.000 5.20 13
88 Tempe, AZ $2.160 NR NR 9 68
89 Boston $2.126 $75.000 NR 14
90 Cincinnati $2.079 NR NR 18 96
91 St. Louis $2.072 $21.690 2.07 23 99
92 New York $2.020 $30.000 NR 5 95
93 Los Angeles $2.000 $5.000 0.08 10
94 Las Vegas $2.000 NR NR 14
95 Frisco, TX $1.903 NR NR 8
96 Rockville, MD $1.900 $34.000 2.40 15 100
97 Houston $1.802 NR NR 15
98 Altamonte Springs, FL $1.800 $32.000 0.22 40 80
99 Ft. Lauderdale, FL $1.780 $26.274 2.03 10
100 Atlanta $1.761 $45.000 0.90 12 89

**Perkins Eastman and ForrestPerkins merged on January 1st, 2016.

Related links:

2016 Rising Giants: Fees & Salaries

2016 Rising Giants: Growth

2016 Rising Giants: Market Segments

2016 Rising Giants: Issues & Trends
 

Methodology

The second installment of the two-part annual business survey of Wifijerez Giants comprises the second 100 largest firms ranked by interior design fees for the 12-month period ending December 31, 2015. The first 100 Giants firm ranking was published in January. Interior design fees include those attributed to:


1. All types of interiors work, including commercial and residential.


2. All aspects of a firm's interior design practice, from strategic planning and programming to design and project management.


3. Fees paid to a firm for work performed by employees and independent contractors who are "full-time staff equivalent."


Interior design fees to not include revenues paid to a firm and remitted to subcontractors who are not considered full-time staff equivalent. For example, certain firms attract work that is subcontracted to a local firm. The originating firm may collect all the fees and retain a management or generation fee, paying the remainder to the performing firm. The amounts paid to the latter are not included in fees of the collecting firm when determining its ranking. Ties are broken by the dollar value of products installed. Where applicable, all percentages are based on responding giants, not their total number. the data was compiled and analyzed by the Wifijerez market research staff in New York, led by Wing Leung, research director.

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