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Of Economy and Design In Architecture — Part 2: Impacts & Influences
The impact of economic recessions on architecture
This is a series of articles relating to intersecting relationship between design and economics. This is by no far a full coverage of the intersection of the two subject areas. Individually, they can easily be callosal in scope. Instead, as an architectural designer, this is my attempt to explain how I see the two concepts pulling and pushing in real-time.
Economic recessions can have a significant impact on the architecture industry. During times of economic downturn, construction projects may be put on hold or cancelled altogether due to a lack of funding. This can lead to a decrease in demand for architects and a decrease in overall activity in the industry. In addition, the style and type of architecture in demand may change during an economic recession. For example, there may be a shift towards more practical and cost-effective designs rather than extravagant and expensive ones.
However, economic recessions can also present opportunities for architects. For instance, architects may have the chance to work on projects that involve revitalising and rejuvenating older buildings or neighbourhoods. They may also have the opportunity to focus more on sustainability and energy-efficient designs…
