The UK's creative industries face mounting pressure from surging rents and a scarcity of appropriate workspace, a fresh report has revealed.

Rental costs have climbed by a third since 2019 whilst growth within the creative sector has stagnated, forcing enterprises out of urban centres as workspace expenses escalate and profit margins contract.

"If these threats continue to snowball in the way that they have been... [creative industries] will continue to be priced out of London and other parts of the UK," Laura Flanagan, director at Design District and Greenwich Peninsula, said.

Office space leased to creative tenants has dropped by 23 per cent since 2019, whilst the number of creative enterprises securing new premises has fallen by 27 per cent, the Design District report shows.

"[The

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