ASID Releases 2019 Outlook, State of Interior Design Report

February 20, 2019  by Jane Chero in Business Strategy, Designer Weekly, Industry   

Some top findings include:

• Economic Outlook: Given recent increases in the number of firms and inflation, the interior design industry contributed significantly higher sales revenue to the overall economy. The major risks to watch for in 2019 include further increases in tariffs, shifting energy prices, and the pace of interest rate increases by the Federal Reserve. Despite the uncertainties in economic activity, the overall outlook for 2019 is positive.
• Trends, Disruptors & State of Interior Design: Top issues interior design business leaders are currently tracking include economic conditions, competition from other firms, and price increases on goods, services, and construction material. With changes in future business — from new markets to a heightened demand for wellness and diversity solutions — smaller firms will need to innovate their business models, and larger firms will need to focus on employee retention. New attitudes and a wider scope of responsibilities will bolster creativity, innovation, and growth within the industry.
• Future Insights from Thought Leaders: Despite differences in background, specialty, and practice size, there is a resounding agreement among thought leaders that interior design is experiencing a resurgence in demand due to the ongoing shift toward occupant-centered, supportive, and performative spaces. This insider overview includes perspectives from 10+ leading design innovators.

The 2019 OSID report is free for ASID members and $249.95 for non-members.