Market Size

MARKET |

The interior design industry has been around for over 100 years. Design is booming and there is a constant desire for new spaces, growth, and clients in the market. Commercial spaces are highly competitive and in need of growing communities. More people are spending time at home so the demand for residential design is high. The number of people interested in our offering would depend on the type of project that is being designed, the location, and the population growth of the projected city. If our firm was located in a city that is constantly growing in business, such as Maricopa, the city would be interested in our firm to help with the development of spaces.

The income range of the profession ranges from $53,000 - $70,000 annually. Despite limited employment growth, about 7,800 openings for interior designers are projected each year, on average, over the decade. The impact of COVD-19 impacted the employment rate as well as revenue.

As a commercial and residential design firm, our clientele has a wide range. Our customers are business owners such as owners of office buildings, schools, restaurants, hotels, etc. As well as consulting work with architects, electrical engineers, contractors, acoustical engineers, landscape architects, and miscellaneous consultants. The city (where our business is located) would also be a potential customer. Property developers and manufacturers.

Our customers live in Arizona for the most part, with occasional clients in the western part of the United States. International customers can also be a possibility, depending on project type and size. Our firm will be based in Maricopa, Arizona due to the potential of growth from both a revenue and economic standpoint.

There are similar options available to consumers: Interior Design professionals who work under specialties, including Residential, Hospitality, and Specialties design. As well as other commercial interior design firms that specialize in the same areas as our firms do.

Potential customers pay for these alternatives by charging a fixed interior design fee. As well as basing our rate on the average numbers of hours normally spent on a project and adding 10%-15% for a buffer in case of surprises. Each design firm may charge as they wish, it is about getting the best price from the customer standpoint, and the best profit from the business owner standpoint.