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Poll Results: Who Wants to Buy a Live/Work Space?

by Shilpi Paul

Poll Results: Who Wants to Buy a Live/Work Space?: Figure 1
The founders of E/L Studios in their live/work carriage house.

Last week, UrbanTurf put a question to our readers: was anyone out there interested in living in some sort of live/work space?

Building off a poll posted by Lock 7 Development, we wanted to know if there is a market in DC for rowhouses with an attached storefront, true artists’ studios with loft space, or some other kind of live/work set-up.

Below are the results of our poll:

Poll Results: Who Wants to Buy a Live/Work Space?: Figure 2

Of those who answered, which may be a self-selecting group, 81 percent responded that yes, they would be interested in purchasing a live/work space. That affirmative group includes more than 100 people.

A few of our commenters also chimed in with some thoughts. “Having a 15-second commute down a flight of steps would be considered the holy grail,” said Rick. “Only roadblock to such a setup is turning a hobby into a business.”

Justin S. also brought up a few potential considerations:

“Workshop space needs to be priced accordingly. There are probably 200 artists in the whole country that could legitimately afford DC real estate prices to use as an income-producing workspace. And there’s been a rash of ridiculous ‘artist spaces’ opening up on the outskirts of town in places where no one who buys art would ever go.”

While live/work spaces may remain scarce, there is at least one currently on the market: a Ledroit Park rowhouse that is being sold with a working market on the ground floor. An early buyer went under contract on the property earlier this month, but the contract has since fallen through and the listing is back on the market.

See other articles related to: polls, livework

This article originally published at https://dc.urbanturf.com/articles/blog/poll_results_who_wants_to_buy_a_live_work_space/7744

4 Comments

  1. mona said at 8:49 pm on Monday October 28, 2013:
    any word on why the offer on the ledroit park space fell through?
  1. Jason said at 9:15 pm on Monday October 28, 2013:
    They should be setup as separate units. Ground level small scale retail is a good idea but it is hard enough to find a place to live, adding on a place to work and combining the cost and risk of the two units together makes them very difficult to buy and sell. You might not be successful in your biz, but then you would have to sell and move because you can't afford the mortgage on the vacant commercial space.
  1. Anon said at 9:19 pm on Monday October 28, 2013:
    These units are impossible to finance. So unless you are expecting your buyers to have all cash, it's a no-go.
  1. beth said at 5:22 pm on Tuesday October 29, 2013:
    Justin S. hit the nail on the head. They'd really only be affordable work spaces if your work already had a crazy following to begin with and could be sold online or shipped to viable display spaces. Lacking any sort of foot traffic retail, there's no way a "regular" artist in Ledroit Park could pay that mortgage.

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