THE FIRST GENUINELY AFFORDABLE WORKSPACE CENTRE FOR CREATIVE BUSINESSES IN SOHO
58 Old Compton Street is the first genuinely affordable workspace centre in Soho. It is an 8,000 sq ft Soho Townhouse comprising five floors plus a roof terrace and a basement. The building is home to 16 different creative businesses – from an independent record label to an up and coming architecture practice, and everything in between. The building is being managed and run by The Soho Studio Project.
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Affordable workspace in Soho is much needed, particularly for those in the creative industries. Over the past 15 years commercial rents in the area have escalated which has meant hundreds of smaller creative enterprises have been forced out. 58 Old Compton Street has been set up to protect and cultivate the independent creative community in London's oldest and best creative district. Rents at 58 Old Compton Street are at a significant discount to market.
The Soho Studio Project has 58 Old Compton Street on a six-year lease from landowners Soho Estates. After 2023 the entire north side of Old Compton Street will be redeveloped into a new creative space fit for modern use. It is expected that what happens at 58 Old Compton Street in the intervening years will inform how the commercial spaces for the new scheme are built out. The Soho Studio Project's partnership with Soho Estates is a symbiotic one. While the former is able to offer prime location affordable space to its ever-increasing tenant roster, the latter will benefit further down the line when the embryonic businesses taking space now will have grown to become established enterprises.
Roof terrace designed by Rhonda of Darkroom London. Exeris sereium sinimpe lenisto et quat. Ipsam quia dolore cum fugit estium fugiam re perum fuga bere vendebi scipsun demolest dolor.