Employment in the UK's creative sector is rising at four times the rate of the rest of the workforce. Business is booming for young creatives – especially in the country's 'millennial industry' hotspots. What with independent reports forecasting another million jobs boosting the sector by 2030, these areas are looking like prime neighbourhoods for a bit of property investment.
Sheffield City Centre
Yorkshire & Humber’s film and TV industries grew by 40% last year, outperforming the rest of the UK. What's more, one of the primary areas affected by this rise is Sheffield. The city’s new creative hub, The Roco, houses a host of talent in stunning converted industrial buildings. It's a great reminder of the potential to repurpose property from the city’s rich industrial heritage for a cutting-edge workforce. Cheap rent and a thriving cultural scene make a move here an attractive prospect.
New Cross, London
While many have focused their attention on the recent rise of Hackney, New Cross has quietly evolved into the quintessential space for the creatives of South London. The base of the city’s arty Goldsmiths University, New Cross has long held creative potential and in 2015 the uni decided to build its own hub space. What’s more, rapid rail access to central London and the Makerversity at Somerset House make it a great base for those looking to set up shop in an up-and-coming neighbourhood.
Glasgow is jam-packed with exciting, newly gentrified districts. While many would happily cite Shawlands on the Southside as the city’s hottest property, Dennistoun boasts the most potential for creatives. Located a stone’s throw from the University of Strathclyde, with the pop-up shop hotspot Barras Art and Design (BAAD) centre and Merchant City with its trendy coffee shops and eye-catching street art, Dennistoun is undoubtedly more than a flash in the pan.
Brighton & Hove
The city of Brighton and its surrounding coastal towns have long been a draw for bohemian types seeking an escape from the confines of London. But since concerted efforts to turn the area into a tech mecca known as ‘Silicon Beach’ began, its reputation for creatives has really soared. With British Council-funded hubs like The Lighthouse sitting alongside a host of independent shops and businesses, it’s no surprise that the city’s property market is booming for young professionals. Forward-thinkers are already inching over to nearby Hove.