Special Survey Results of Impact of COVID-19 on US Architecture Firms

Last week the AIA conducted a special survey of its ABI survey panel, asking them about the immediate and short-term impact of the COVID-19 pandemic on architecture firms in the U.S.

Follow this link to read the press release and the full report: https://www.aia.org/pages/6282364-march-2020-special-report-moving-ahead-

“Like most other businesses, U.S. architecture firms are heading into uncharted waters regarding what the economy holds in store for them as the COVID-19 pandemic plays out globally.,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “Different businesses are feeling the impact of the slowdown differently.”

Key findings from the report include:

  • 59% of firms expect inquiries for new work to decline in March
  • 67% of firms have already seen prospective projects slow or stop
  • 76% of firms have confronted at least one problem with their current projects related to the COVID-19 outbreak
  • Nearly half of firms indicated that all/virtually all of their staff are now working remotely

Firms anticipate revenue losses of 10% in March, 15% in April