When the $1.9-billion project is completed next year, the 2,073-foot Shanghai Tower will become the world’s second-tallest building. The state-of-the-art, spiraling form, which is engineered to help it withstand typhoons, pays tribute to the city’s dynamic rise as a leading commercial center.
The super-tower also symbolizes the ascension—and resilience—of the firm that designed it. With 3,500 employees, Gensler operates 43 offices in 14 countries. Last year, the company worked on some 6,700 projects for about 2,200 different clients, reporting a record-breaking $751 million in revenue. This year, the company projects its revenues will be closer to $800 million—astounding figures considering the industry is emerging from one of worst economies since the Great Depression. “It’s been a serious downturn and a slow recovery,” says Kermit Baker, chief economist of the AIA. “From 2008 to 2011, architecture firms’ gross firm billings dropped 41 percent. Now, most firms are inching back, but very slowly.”
In a landscape still riddled with fallout, Gensler has managed to weather the recent economic storms. After cutting about 30 percent of its workforce in a nine-month period between 2008 and early 2009, the firm has rapidly rebuilt and now employs more staff and generates more revenue than ever before. Many in the industry today are scratching their heads: What’s Gensler’s secret?