Watergate, the iconic Berlin nightclub, will close its doors at the end of 2024 after a remarkable 22-year run. The decision was announced on social media, citing rising costs and changing club culture as key factors.

Co-founder Ulrich Wombacher spoke to Resident Advisor about the financial pressures that have mounted due to inflation, energy crises, and steep rent in their prime city location. He noted that these challenges made it unsustainable to renew the lease.

Wombacher also mentioned a shift in audience preference towards larger events and festivals. Despite this closure, Watergate Records will continue operating.

Since its inception in 2002 by Wombacher, Steffen Hack, and Niklas Eichstädt, Watergate has been pivotal in Berlin's nightlife scene. Known for its cutting-edge programming and nurturing new talent like Anja Schneider and Dixon, it held strong even with an intimate 800-capacity space.

The final months will see a series of farewell parties featuring top artists like Charlotte de Witte and Richie Hawtin. Watergate aims to conclude with style while celebrating its legacy as a global clubbing destination.

As Berlin's nightlife evolves amidst economic challenges, efforts are underway to protect cultural venues through initiatives like UNESCO recognition for techno music.