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Chapter
Gentrification
DOI link for Gentrification
Gentrification book
Gentrification
DOI link for Gentrification
Gentrification book
ABSTRACT
The reinvestment of capital into the retail sector of a neighborhood typically follows residential gentrification, but the temporal relationship between them can be reversed. Since about 1980, residential gentrification has been occurring in the center of major global cities following the growth of high end employment in the urban cores. Residential gentrification involves the displacement of a lower income population with a higher income population. Data pertaining to the probability that low-income residents will be displaced if a neighborhood undergoes gentrification have generally concluded that gentrification increases the probability that low-income residents will leave an area. Gentrification can also be associated with a neighborhood’s increase in home ownership and a decrease in rentals. Artists seeking low-rent spaces have often been at the vanguard of gentrification. Like many areas undergoing gentrification, a neighborhood in Southwest Philadelphia was a formerly industrial area that experienced significant population losses and little investment during the last half of the 20th century.