Michael Kaufman, AIA, describes a scenario many architecture firms in the Midwest are facing: Projects already under construction are continuing, but the market has slowed.
“I don’t think there really is a hot market right now and that’s what is really troubling to me. Virtually everywhere there is retrenchment,” says Kaufman, a partner at Goettsch Partners, a Chicago-based design firm. He’s predicting a 30 percent drop in revenues at his firm compared to record results in 2008.
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