In the mid 20th century, as industry moved out of central Manhattan and with that a lot of middle class people. Loft spaces, that were designed for small business became available. So artists moved into them, setting of to live in them and to have studio and exhibition space. At that time during the 50’s, 60’s, and 70’s this became an unfashionably area for middle class people. Slowly through different processes including that artists made these spaces fashionably again, people wanted to live in these lofts, not just the artist but wealthy middle class people too. Real Estate developers saw that there was a real potential for profit making in that context. So the artists living in these spaces leads onto the development of the phenomena of ‘Loft Living’ that Zukin identifies, she says that artists don't just exploit the change of inner cities by going in to these deindustrialised and impoverished area but they contribute to the process of re investment in those areas, to gentrification as it’s usually called, the movement of wealthy populations to areas where poor people are living. Displacing those poor people and infact as Zukin says “ the main victims of gentrification through loft living are those business owners, who are essentially lower class, and there work force. In time many of the artists who had moved into the lofts in the ‘first generation’ before 1970, also becomes victims of
In the mid 20th century, as industry moved out of central Manhattan and with that a lot of middle class people. Loft spaces, that were designed for small business became available. So artists moved into them, setting of to live in them and to have studio and exhibition space. At that time during the 50’s, 60’s, and 70’s this became an unfashionably area for middle class people. Slowly through different processes including that artists made these spaces fashionably again, people wanted to live in these lofts, not just the artist but wealthy middle class people too. Real Estate developers saw that there was a real potential for profit making in that context. So the artists living in these spaces leads onto the development of the phenomena of ‘Loft Living’ that Zukin identifies, she says that artists don't just exploit the change of inner cities by going in to these deindustrialised and impoverished area but they contribute to the process of re investment in those areas, to gentrification as it’s usually called, the movement of wealthy populations to areas where poor people are living. Displacing those poor people and infact as Zukin says “ the main victims of gentrification through loft living are those business owners, who are essentially lower class, and there work force. In time many of the artists who had moved into the lofts in the ‘first generation’ before 1970, also becomes victims of