Gentrification

Causes

Challenges

Benefits

Definition

Rapid job growth

authenticity and inclusivity

loss of culture/ perseverance of culture

displacing long time residents

Cost of living increases

equitable development

Harmonious evolution

Knowledge and education

When underprivileged or blue-collar communities go through change and growth and turn into more upscale and affluent area. This triggers real estate prices, local establishments, and more.

Transportation: Connectivity and accessibility

Renovation and reconstruction

Unbalanced market dynamics

Traffic and overpopulation

Economic investment

Economic and demographic changes

Desirable to live in

Policies and incentives