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Rent Gap

Addie, JD; (2017) Rent Gap. In: Richardson, D and Castree, N and Goodchild, M and Liu, W and Kobayashi, A and Marston, R, (eds.) International Encyclopedia of Geography: People, the Earth, Environment and Technology. Wiley: Oxford, UK.

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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.

Type: Book chapter
Title: Rent Gap
DOI: 10.1002/9781118786352.wbieg0724
Publisher version: https://doi.org/10.1002/9781118786352.wbieg0724
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: capitalism, neighborhoods, property, restructuring, urban geography
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
URI: https://discovery.ucl.ac.uk/id/eprint/10072915
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