Architecture firms are seeing a drop in billings due to concerns about the economy and tariffs impacting commercial real estate development. Despite a slight increase in inquiries for new projects, the value of newly signed design contracts continues to fall. The AIA forecasts modest growth in nonresidential building spending, with manufacturing facility construction expected to decline. Uncertainty around tariffs is also affecting the industry.

Read more at CNBC: Architecture firms report decline in billings for commercial real estate