The Architectural Billings Index (ABI) has risen for the third month in a row, increasing to 48.4 from 46.1 (any score above 50 indicates an increase in billings). The ABI is a leading indicator of construction activity, reflecting an approximate 9 to 12 month lag time between architecture billings and construction spending.
By geographic region, the scoring averages were:
The challenge that he (and all of us in the commercial interiors industry), face right now, is that tenants have multiple options to look at regarding space - and they therefore want to see budgets and renderings for all of those options. Instead of creating budgets and plans for one or two options, we (the collective we) are being asked to create budgets and plans for three or four different options (all at no fee of course, and with no guarantee that we will get the job..)
Whining session over - it sure beats the alternative!
By geographic region, the scoring averages were:
- Northeast (51.0)
- Midwest (49.2)
- South (46.5)
- West (44.7)
The challenge that he (and all of us in the commercial interiors industry), face right now, is that tenants have multiple options to look at regarding space - and they therefore want to see budgets and renderings for all of those options. Instead of creating budgets and plans for one or two options, we (the collective we) are being asked to create budgets and plans for three or four different options (all at no fee of course, and with no guarantee that we will get the job..)
Whining session over - it sure beats the alternative!
