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Full-Text Articles in Social and Behavioral Sciences
Rent Gap, Jean-Paul Addie
Rent Gap, Jean-Paul Addie
USI Publications
The rent gap refers to the difference between the capitalized rent realized from a plot of land and the potential rent possible if it were developed to its “highest and best” use. Introduced by Neil Smith in 1979, the rent gap provides a systematic production-side theory of urban rent and inner-city transformation. The concept has been critiqued, however, for dismissing the role of individual agents and consumption preferences in explanatory accounts of gentrification.