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by xvedejas
1961 days ago
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I'm curious how real estate development is pushing out clubs. Here in San Francisco I feel like it's the opposite. Rents are too high and there are not enough spaces to open new clubs anyway. And lack of new development means young adults have to leave the city. You have to be lucky enough (and old enough) to have bought a house 20+ years ago to afford to stay. |
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Fast forward a couple of years. Suddenly rents in those areas have risen 20% yoy. Gentrification is in full swing.
The owner of that factory is approached daily by real estate developers who want to build (often high end) condos in Kreuzberg and Neuköln. Club managers can‘t compete with that money.