4 ms·
It's definitely happening across swaths of the US. Maker spaces have high positive externalities but low margins and require a lot of work and upkeep. With rent
by coldbrewed 3y ago
It's definitely happening across swaths of the US. Maker spaces have high positive externalities but low margins and require a lot of work and upkeep. With rent prices shooting through the roof and redevelopment taking cheap shop space offline maker spaces are getting squeezed out.
I find it heartbreaking but it seems inevitable. Not a lot of people want to keep an old building available for rent when they can sell the property for redevelopment into "luxury" apartments or condos.