Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to a prolonged downturn in the construction market. Over the last five years, the winding back of educational building investment and weak housing construction markets have led to subdued demand for industry services. Revenue is estimated to rise by just 0.5% annualised over the five years through 2014-15, corresponding with a slump in the value of total building construction.
The key building markets for architectural services have displayed divergent trends over the past five years. In the non-residential building market, the value of institutional building has benefited from the injection of federal funding for school refurbishment under the Building the Education Revolution (BER) program... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of industry activity generally corresponds with the distribution of population, economic activity and construction activity across the states and territories. All major architectural service firms are located in or close to CBD locations and compete for the larger regional jobs from this base.
New South Wales and Victoria account for about 61.3% of industry activity. Victoria has an above-average share of industry activity. A significant concentration of qualified architects operates in Victoria, which accounted for 29.3% of enterprises. All of Australia's leading architectural firms have offices in Victoria, and several are headquartered in Melbourne, from where they can service national and global clients... purchase to read more