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Book Chapter

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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, however, has been critiqued for dismissing the role of individual agents and consumption preferences in explanatory accounts of gentrification.


Author accepted manuscript version of a chapter published in:

Addie, J.-P. D., 2017, “Rent gap” (500 words), in Richardson, D., Castree, N., Goodchild, M., Liu, W., Kobayashi, A., and Marston R. (eds.) The International Encyclopedia of Geography: People, The Earth, Environment, and Technology. Hoboken: Wiley/AAG.

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