The Rainin Arts Real Estate Strategy


The annual national income generated by performing arts organizations in 2015.

More moreArtists and cultural spaces shape neighborhood identity, encourage social integration, and promote upward mobility, to name only a few of their assets. Over a ten-year period, the 118 metro areas with at least one performing arts organization generated a whopping $60 billion in annual income and more than 500,000 additional knowledge-class jobs—more than 12 percent of all knowledge-class jobs created over that time frame.

Creative businesses “have been crucial to the renaissance Brooklyn has experienced over the past decade.”

Carlo Scissura
President and CEO
Brooklyn Chamber of Commerce

More moreArtists have always been central to the allure of cities. From classical Greek sculptors; to Impressionist painters; to the musicians, poets, and artists of the Harlem Renaissance; to the Beats of Greenwich Village and North Beach; artists gravitate to the intensity of cities and to each other. This proximity has created Bohemia—a condition of mind that we associate with cultural innovation and risk. .—Carol Becker, Dean of Columbia University School of the Arts.

To preserve the diversity and cultural richness that artists bring, cities of the future need to learn how to stop ‘using up’ artists and then pushing them out.

To do this, they first must ensure that artists can be guaranteed permanently affordable live/work space into the future.

Huffington Post

More moreMixed-use neighborhoods have proven to provide a host of benefits to residents and communities as a whole. As we recognize the critical components to livable communities, culture comes up more and more. We have an opportunity—as development and progress change our cities and communities—to be intentional about the value of culture and preserve its presence. The Rainin Arts Real Estate Strategy removes the affordability argument for why artists and cultural organizations can’t stay in the heart of our cities.


The amount New York City nonprofit arts organizations generated in 2010.



Full-time employment supported by San Francisco’s arts and culture organizations.


Interest Rate

Permanently halting the “space chase” for core arts and cultural organizations.

More moreBy and large, small to mid-size nonprofits do not have the capital or expertise to undertake ownership of their facilities. The Rainin Arts Real Estate Strategy allows organizations to essentially buy time through lending them equity at below market interest rates while they aggregate capital and grow their organizational capacity, both of which are permanent assets.