Urban blight is nothing new. The signature image of plummeting real estate is block after block of properties vacated as businesses move out. Now the high price of real estate in American cities is creating a new phenomenon: In otherwise healthy economic areas, the rents are climbing so high they’re driving businesses away—and no other businesses can afford to move in.
from Gizmodo http://ift.tt/1FVAVxZ
via Gizmodo
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