Small businesses hang on as the area gentrifies itself into oblivion
Shoreditch Rent Now Measured in Kidneys, Locals Confirm
A long running record shop on the edge of Shoreditch has confirmed its rent has doubled in three years, a figure the owner describes as ambitious for a unit that still has a hole in the ceiling from the last renovation nobody finished.
Locals say the area has been gentrifying so aggressively it may be gentrifying itself, with new developments now marketed at exactly the demographic that moved here to escape new developments. The irony is, reportedly, not lost on anyone, it is simply too expensive to comment on.
Full report on the areas slow squeeze at Harper Thames on The London Prat.
