2013 Top 100 Giants: Breakdown by Market Sector
While the volume of work has risen, the jobs haven’t changed dramatically. New construction has trumped renovation, 56 percent to 44 percent, for about four years now. Contract work remains he biggest slice of the pie at an unchanged 35 percent. Hospitality jobs rose slightly to 18 percent of the total, up from 16. Health care remained at 15 percent. Government work has declined for the third straight year, down to 7 percent. Two-thirds of the Giants worked on residential projects in 2012. Of those, 80 percent took on mixed-use/condominium jobs. That’s a steady rise from 73 percent two years ago.
Interior furnishings and fixtures provided another bust-out statistic: These crushed 2012 estimates by 22 percent, $65.2 billion actual versus $53.5 billion expected. That’s up from $57.8 billion in 2011—in fact, it’s held around $58 billion all the way back to 2008—so this is a nice breakthrough. The Giants expect another $67.4 billion in 2013.
2012 Fees by Project Type | ||
% of Fees | Fees | |
Corporate Office | 35.40% | $924,160,965 |
Hospitality | 18.10% | $474,001,772 |
Health Care/Assisted Living | 14.50% | $378,352,451 |
Retail | 7.10% | $184,546,238 |
Government | 7.70% | $201,829,745 |
Educational | 6.80% | $177,457,289 |
Residential | 3.10% | $80,219,232 |
Transportation | 2.30% | $61,332,285 |
Cultural | 2.00% | $52,791,912 |
Other | 3.00% | $77,429,571 |
Total | 100.00% | $2,612,121,460 |