National Interior Design Study Reveals Sector Strength
Announcement posted by DesignBuild Source 10 Jul 2012
With the entire building industry taking a severe hit due to the Global Financial Crisis (GFC),growthin any sector has been difficult to achieve.
The release of the 2011 CanadianInterior DesignBenchmarking and Best Practices Study by the Canadian Interiors (CI) Magazine and Interior Designers of Canada (IDC), however, shows the Canadian design sector has in fact enjoyed just that.
The 150 plus page study, which ‘aims to provide in-depth facts on the Canadian interior design industry’, shares information submitted by over 580 respondents, all of whom are registered professionals in both interior design and architecture fields, regarding their ‘overall size, growth, compensation structure, billings and commissions.’
According to CI, the study aims to provide ‘industry decision-makers and practitioners valuable information as they establish plans for the future.’
The results of the study give insight into the trends in what is obviously a growing industry. As one might expect, larger, multi-purpose design firms handled larger numbers of projects – at a much larger scale – in 2010. Larger firms took on an average of 38 projects, with those projects averaging 400,000 square feet that year. Smaller, one-person design firms, meanwhile, took on an average of 15 projects over that averaged just over 55,000 square feet. The smaller firms were noted to have remained specialized, while the larger firms have been facing the challenge of branching into several different sectors of design....