Most art galleries are situated in close proximity to wealthy clientele, rather than in low-rent neighborhoods favored by artists, a four-year study by the USC Lusk Center for Real Estate has found. While some might say, “Duh!” one of the study’s authors, Jenny Schuetz, said the findings “counter the common and somewhat romantic perception that galleries locate in gritty artist communities.”

Retail specialist Steve Rappaport is skeptical, telling Real Estate Weekly that in 40 years of observing change in Manhattan, he’s seen the same pattern over and over again:

“First antique and craft-type furniture business, followed by galleries, followed by small retail followed by galleries, followed by clubs, followed by restaurants and then followed by more established retail. As retail takes hold and rents increase, the pioneers are eventually forced out.” Source:

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription