Over the 16 years+ that we have been specialising in marketing London’s more unique, one-offf and esoteric properties for sales and rentals, the growth of the live/work property market has been extraordinary. 10+ years ago, it was the domain of the ‘artist’ or ‘musician’ in the more bohemian parts of London.
Now, with the growth in people working from home, in a whole range of various business & creative areas, it has almost become mainstream but the supply of suitable properties to live and work from has not kept a pace with the demand. 10 years ago, we would get asked – about once a week for a live/work studio for rent or sale in ‘shoreditch’ or ‘bermondsey’. Now, it is not unusual to receive 15-20 enquiries every week for flexible and appropriate live/work spaces both for sale and are wanted in all parts of London.
‘Leigham Court Road, SW16 – a 2,500sq ft duplex live/work apartment – now in need of updating. Currently owned by a music teacher who has regularly entertained with music ensembles and up to 30 guests. £499,000′
The demand has become insatiable and more especially more significant during and coming out of the recession. On checking our data base, we currently have 86 people currently registered to try to find a live/work rental property in central, north and south west London of anything from 1,000sq ft – 2,000sq ft from £350 – £1,000 per week. We have 47 buyers registered looking for live/work units around Kings Cross & Camden from £400,000 – £800,000.
One would have thought that most of these people were ‘creatives’ looking for a space with a ‘vibe’. Far from it. We have accountants, dentists & fitness instructors along with the usual plethora of designers, musicians, artists etc. All styles, shapes and sizes of live/work properties are being asked for and even those prepared to do work to a property to bring it up to standard or create the space they need.
So, if you have any kind of live/work property – in any condition – in any part of London – at any price level – for sale or rent, please do contact us urgently so that we can at least fulfill just some of the enquiries that are clogging up our data base of live/workers!