The former model of locating artists’ workspace in cheaper parts of the city is no longer viable, as property and land across London is in high demand. Increased price of property and land across London: This affects both leasing and purchasing property.There appears to have been no decline in demand from artists for workspace since 2014.Ĭontinued monitoring is required, as a number of factors are impacting artists’ workspace provision. Sites show very high and continuous occupancy rates.That means not every new site provides workspace exclusively for artists. Many operators provide space for both artists and other creative tenants to support a blended rental income model.In 2014, 56% of sites charged an average of £11+ per square foot.
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