How do we know that gentrification is pushing up hotel rents?
How do we know that gentrification is pushing up hotel rents? In 2005, before Woodward’s was developed into 536 condo and 125 social housing units for singles, there were 8 hotels with 404 rooms within a block of Woodward’s. They all rented to low-income people. In 2012, according to a survey by the…
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