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The 15 neighborhoods experiencing the fastest gentrification in NYC

By Jonathan Millstein

For many in New York, and around the world, gentrification not only represents a shift in the socio-economic standing of a community, but a change in its cultural identity. And these are the neighborhoods that are changing the most. Recently, the NYU Furman Center published their 2015 State of New York’s Housing & Neighborhoods Report which details the 15 New York neighborhoods that are experiencing the most gentrification.

The Furman School defined gentrification as “rapid rent growth in low-income neighborhoods” and focused solely on the economics of the region. Of the 55 sub-boroughs (SBAs) that were studied, 15 were deemed to be gentrifying. Seven neighborhoods were labeled as “non-gentrifying,” meaning they were low-income but only saw modest growth and 33 were labeled as “high-income” which means the SBAs had too high an income in 1990 to be considered.

Coming in at number one on the list was, of course, Williamsburg/Greenpoint which saw an increase in rent of 78.7 percent during that time period. In a fairly distant second was Central Harlem with a 53.2 percent increase.

Check out the full list below.

NYU Furman Center

 [h/t Curbed]


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