Interior Design’s 2015 Rising Giants
Fees & Salaries
Issues & Trends
It’s always pleasant to be the bearer of good news, and the annual business-trends survey tracking
’s Rising Giants, the 100 firms right behind
the top 100 Giants
, shows that the risers continue to rise. Total design fees increased a robust 10 percent, to $471 million, in the most recent reporting period, and the Rising Giants are now forecasting another 14 percent jump, to $536 million. If those numbers play out, fee revenue for this group will have doubled in five years. Good news, indeed.
The second installment of the two-part annual business survey of Interior Design Giants comprises the second 100 largest firms ranked by interior design fees for the 12-month period ending December 31, 2014. The first 100 Giants firm ranking was published in January. Interior design fees include those attributed to:
1. All types of interiors work, including commercial and residential.
2. All aspects of a firm’s interior design practice, from strategic planning and programming to design and project management.
3. Fees paid to a firm for work performed by employees and independent contractors who are “full-time staff equivalent.”
Interior design fees do not include revenues paid to a firm and remitted to subcontractors who are not considered full-time staff equivalent. For example, certain firms attract work that is subcontracted to a local firm. the originating firm may collect all the fees and retain a management or generation fee, paying the remainder to the performing firm. The amounts paid to the latter are not included in fees of the collecting firm when determining its ranking. Ties are broken by the dollar value of products installed. Where applicable, all percentages are based on responding giants, not their total number. The data was compiled and analyzed by the Interior Design market research staff in New York, led by Wing Leung, research director.