What is the definition of gentrification?

Gentrification is defined as the process of renovating and improving a neighborhood, which often leads to the displacement of lower-income residents. This phenomenon occurs when wealthier individuals move into an area, typically bringing increased investment and development. While this can lead to enhanced infrastructure, services, and property values, it also frequently results in rising rents and living costs that lower-income residents can no longer afford, forcing them to leave their homes.

The dynamics of gentrification highlight the complexities of urban development and social change, as it reflects both revitalization and the socioeconomic challenges it creates for original residents. This definition encapsulates both the transformation of the physical space and the social implications for the community.