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Preferred term

rent gap  

Definition

  • One of the more popular explanations for gentrification, the rent gap hypothesis first advocated by Neil Smith, approaches this issue in terms of the profitability of land in the urban core. In centrally located sites, actualized ground rents generally decline over time as the buildings and infrastructure age. [Source: Encyclopedia of Human Geography; Rent Gap]

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https://concepts.sagepub.com/social-science/concept/rent_gap

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