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Business

Rise of the creative class

Published 6:18 AM EDT, Thu August 14, 2014
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Dalston in London has welcomed a wave of new residents in recent years as new housing units and creative arts projects have popped up.
Rise of the creative class —
Dalston in London has welcomed a wave of new residents in recent years as new housing units and creative arts projects have popped up.
Eoghan Macguire/CNN
Nearby Shoreditch has experienced a similar influx with numerous start-ups attracted to the area's flourishing tech hub.
Rise of the creative class —
Nearby Shoreditch has experienced a similar influx with numerous start-ups attracted to the area's flourishing tech hub.
Dan Kitwood/Getty Images/File
Flash new-build apartments like the stylish Dalston Square (pictured) have altered the appearance of many an east London neighborhood but some long-time residents say they have been priced out by the changes.
Rise of the creative class —
Flash new-build apartments like the stylish Dalston Square (pictured) have altered the appearance of many an east London neighborhood but some long-time residents say they have been priced out by the changes.
Eoghan Macguire/CNN
Artistic businesses and enterprises have been enticed to set up shop in the likes of Dalston. According to local councilor, Guy Nicholson, these developments will benefit people here over the long term.
Rise of the creative class —
Artistic businesses and enterprises have been enticed to set up shop in the likes of Dalston. According to local councilor, Guy Nicholson, these developments will benefit people here over the long term.
Eoghan Macguire/CNN
London isn't the only city to experience this phenomenon. Here, protestors lie under graffiti protesting against the gentrification of Berlin's Kreuzberg district.
Rise of the creative class —
London isn't the only city to experience this phenomenon. Here, protestors lie under graffiti protesting against the gentrification of Berlin's Kreuzberg district.
Sean Gallup/Getty Images/File
Many residents in San Francisco's one-time working class Mission District say they have been pushed out, in part because of an influx of wealthy Silicon Valley workers.
Rise of the creative class —
Many residents in San Francisco's one-time working class Mission District say they have been pushed out, in part because of an influx of wealthy Silicon Valley workers.
Sean Gallup/Getty Images/File
Williamsburg in Brooklyn, New York, has become a byword for hipsters and regeneration.
Rise of the creative class —
Williamsburg in Brooklyn, New York, has become a byword for hipsters and regeneration.
Spencer Platt/Getty Images
The once industrial district has witnessed a huge amount of development in recent years. Some, like artists Su Friedrich, say this has pushed long-time residents out of the area and changed Williamsburg for the worse.
Rise of the creative class —
The once industrial district has witnessed a huge amount of development in recent years. Some, like artists Su Friedrich, say this has pushed long-time residents out of the area and changed Williamsburg for the worse.
Spencer Platt/Getty Images

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