The Impact of Gentrification on Urban Cultural Landscapes

FAQ About The Impact of Gentrification on Urban Cultural Landscapes

What impact does gentrification have on local small businesses and shops?

Local small businesses are often hit hard by gentrification. Increased rents can drive out longstanding, locally-owned shops, replaced by higher-end retail that caters to new residents. This shift can erode the unique character and economic diversity of neighborhoods. However, some businesses may adapt by tapping into the changing demographics, although this often involves changing their product offerings and business models significantly.