$8 Billion Spent on Global Cultural Projects in 2023: Key Takeaways from the Cultural Infrastructure Index

1st July 2024

2023 Cultural Infrastructure Index: Key Takeaways from $8 Billion in Global Projects

In 2023, over $8 billion worth of cultural projects were built globally. Here are 7 key takeaways from the 2023 Cultural Infrastructure Index:

1. Renovation and Adaptation: Renovation and adaptation have gained popularity as a response to sustainability concerns and budget tightening.

2. Museums and Galleries: Museums and galleries continue to be the leading types of cultural buildings.

3. Immersive Experiences: Immersive experiences remain a significant draw for audiences, indicating the growing demand for interactive and engaging cultural content.

4. Decline in Physical Size: The physical size of cultural projects has dropped by a third, highlighting a shift in focus to more compact, sustainable designs.

5. Activity Beyond Major Culture Centres: Cultural activity has expanded outside the traditional major cultural hubs, indicating a more global distribution of cultural infrastructure.

6. Snøhetta: The architectural firm Snøhetta is leading among thriving architectural practices, with significant contributions to cultural projects.

7. Perelman Performing Arts Center: The Perelman Performing Arts Center stands out as the top project by value, solidifying its place in high-profile cultural infrastructure development.

To dive deeper, you can read more here:
2023 Cultural Infrastructure Index.