Manchester Property News

Creative spaces

TomS - Head Tom Simper Nov 18, 2021, 12:30 PM
250_Dataloft_Creative_clusters-01

Research commissioned by the Creative Land Trust illustrates an outperformance of residential values in areas with a cluster of creative industries.

Creative industries include all types of artists, screen printing, film making, music, performing arts and rehearsal space.

Case studies across London and the Thames Estuary were used but the findings will apply in any location.

The results are hard evidence that successful placemaking by developers translates into increased demand and ultimately economic value. Source: Dataloft, Ramidus Consulting, Hawkins\Brown, Creative Land Trust, Creative Estuary & Get Living, based on comparison of prices within a 10-year window in London

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