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Rent going up in Little Haiti as gentrification process continues

October 30, 2015 11:08 AM

If you are a renter in Little Haiti in Miami, you are probably feeling that rent is going up and up and up and that there is nothing you can do about it. You also feel that there are almost no places available. I want to reassure you that this is not just an illusion. Rent is in fact going up in Little Haiti. According to the latest report, rent continues to soar in Little Haiti, which is currently in the process of gentrification in Miami.

What is gentrification?

According to Wikipedia: "Gentrification is the buying and renovating of houses and stores in deteriorated urban neighborhoods by wealthier individuals, which in effect increases property values and displaces low-income families and small businesses".

It is typically the result of increased interest in a certain environment.

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Rent going up in Little Haiti as gentrification process continues

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