The flow of creative people from New York to Los Angeles is “a cautionary tale for London” according to Rohan Silva, former senior policy advisor to UK prime minister David Cameron.
Silva told Dezeen that the recent trend for designers, artists and other creatives to leave New York due to sky-high prices and lack of suitable studio space could happen in London too.
“I think it’s a cautionary tale for London,” he said. “In New York, people are decamping to LA and I think we’ve really got to be careful in London that people don’t pick another city and choose to go there. Because the moment a city starts to lose its artists, things can fall apart and the city might lose its edge.”
This seems to be happening everywhere. I live in San Francisco and rents are insane. I lived in NYC until 2012 and watched rents continue to balloon (they continue to balloon with more luxury apartments being built). I’ve even heard that Austin is getting expensive and the music scene isn’t what it used to be since its rise in popularity and Google setting up a huge office there.