Top 5 most gentrified neighborhoods in New York City

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NYU Furman Center recently launched a record that made use of rental information from 1990 to 2014 to identify which areas have gentrified most considerably. The record specifies “gentrification” as rapid rent growth in low-income neighborhoods. It located that the typical lease increase citywide considering that 1990 was 22.1 percent; the areas categorized as gentrifying are those that were low-income in 1990, yet saw the ordinary rate of lease boost greater than the citywide mean. One of the most gentrified neighborhood– can you think it?– saw a tremendous 78 percent enter average lease over 24 years.