Property News · April 7, 2018

East End artists and businesses driven out as railway rents spiral


Based inside the arches for decades, many feel they have no choice but to relocateSpiralling rents are driving growing numbers of artists and small businesses out of London’s East End, with the problem expected to spread to other cities around the UK.Faced with rent increases of 200% to 300%, small businesses that have been based in the capital for decades are being forced to relocate to Kent or Essex, according to the New Economics Foundation thinktank and the East End Trades Guild (EETG) founded in 2012 representing 230 small firms with a combined turnover of more than £80m. Continue reading…

Source : theguardian.com
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