Economic Downturn Cut Architecture Firm Revenue by 40 Percent, Employment by Almost a Third

Washington, D.C. – September 18, 2012 – (RealEstateRama) — Since the beginning of the recession in early 2008, architecture firms have collectively seen their revenue drop by 40 percent and have had to cut personnel by nearly a third. Despite a national recovery from the recession in 2009, construction activity continued to spiral downward, according to the recently release 2012 AIA Firm Survey