NYC Real Estate and the Arts – Two Examples of Why Things Need to Change

David Johnston

In the first week of December, two events were reported in the media, which illustrate how the arts in NYC are in a state of emergency due to the ever-increasing price of real estate:

1. December 1, 2014 – Dance Enthusiast published the following editorial by master ballet teacher Janet Panetta:

Janet Panetta, Ballet Master Teacher, Speaks on Real Estate Costs and How They Affect the Artistry of Professional Dance in NYC


Edward Degas, The Dance Class 1871

2. December 7, 2014 – the New York Times published the following article:

Born in Brooklyn, Now Making a Motown Move: Galapagos Art Space Will Make Detroit Its Home

For over a decade, EtM has been following these trends throughout the Lower East Side, Williamsburg, Soho and Bushwick. New spaces open, but we’re definitely losing old venues.

What are your thoughts? Can artists still afford to make work in NYC?


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