A

AIA CES Credits
AV Office
Abstract Publication
Academic Affairs
Academic Calendar, Columbia University
Academic Calendar, GSAPP
Admissions Office
Advanced Standing Waiver Form
Alumni Board
Alumni Office
Anti-Racism Curriculum Development Award
Architecture Studio Lottery
Assistantships
Avery Library
Avery Review
Avery Shorts

S

STEM Designation
Satisfactory Academic Progress
Scholarships
Skill Trails
Student Affairs
Student Awards
Student Conduct
Student Council (All Programs)
Student Financial Services
Student Health Services at Columbia
Student Organization Handbook
Student Organizations
Student Services Center
Student Services Online (SSOL)
Student Work Online
Studio Culture Policy
Studio Procedures
Summer Workshops
Support GSAPP
Close
This website uses cookies as well as similar tools and technologies to understand visitors' experiences. By continuing to use this website, you consent to Columbia University's usage of cookies and similar technologies, in accordance with the Columbia University Website Cookie Notice Group 6
Arch derrington kumpusch qingyang yu kourosh fathi sp21 02 rendering

H to N

The ambition of this studio was to bridge the gap between architecture and real estate which exists because of the incommensurability of aesthetic, emotional, social, and cultural values on one hand, and market dynamics on the other.

The diagram entitled Real Estate Market Dynamics describes the arbitrage between the space market (defined by occupancy and rent), the asset market (defined by property cash flows and cap rates), and the capital market (defined by the cost of debt and equity).

The formal and programmatic decisions that comprise architecture are difficult to measure in economic terms and it is unclear how architecture influences real estate market dynamics. It is also unclear how real estate can benefit from architectural inventiveness beyond gaining a premium on so-called “trophy” buildings.

As architects, we believe that architecture is beyond the necessities of light and air, comfort, popularity, and social connectivity. We believe that architecture is an artistic medium that gives birth to constrained newness, questioning our present needs and desires. Architecture is always exploratory and does not optimize. Any claim to the contrary debases the artistic tradition of architecture and renders the entire profession uninteresting.