Smaller, Versatile Concert Halls Step Out of the Shadow of Stadiums
As live entertainment rebounds, developers are using midsize venues to anchor their projects and energize the surrounding neighborhood. The trend is being driven by the desire for a more intimate concert experience and a growing preference for local entertainment options.
In an email, Jordan Zachary wrote that the U.S. top 10 markets, such as Los Angeles, New York, and Chicago, are performing more shows than ever. The next 40 cities have also seen a growth in attendance, which shows the potential for the development of mid-sized venues.
Live entertainment should rebound after a bumpy 2022 recovery, during which many venues were impacted by rapid inflation and labor shortages. According to IBISWorld a market research company, the revenue from U.S. event is expected to rise to $65 billion by 2023 from $58 billion this year.
Armen Shaomian is a professor of Sports and Entertainment Management at the University of South Carolina. He said that artists make money by touring, not recording.
Concert halls are a great alternative to arenas and clubs. They can accommodate up to 1,000 people.
John Storyk is the director of design for WSDG. This architectural acoustical design and architecture firm.
Some venues use drapes to hide empty spaces for smaller events. The technology allows for flat, raked or combination seating. The system also includes advanced projector technologies, wall videos, lighting and special effects.