San Francisco Real Estate Boom Pushes Out Art Galleries

  • February 27, 2014 23:07

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San Francisco

Tech companies whose employees want to live and work in San Francisco are gobbling up real estate to accommodate their expansions. Rising rents and evictions are forcing the city's art galleries out of their longtime addresses in a trend that is being felt around major art hubs in the U.S.

Several galleries in San Francisco's once vital gallery district along Geary St. have been given eviction notices. The rent squeeze is forcing some dealers to reconsider how they do business.

"Ten years from now," recently-evicted art dealer George Krevsky told the San Francisco Chronicle, "traditional galleries will be a thing of the past. The auction houses and art fairs will have taken over, and the Internet."

 

Read more at SFGate


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