Gentrification is the process wherein a neighborhood experiences displacement of lower-income residents by higher-income residents, often due to revitalization or rehabilitation of older homes and community spaces.
A loft apartment is a residential unit that has been converted from an industrial or warehouse space, often featuring exposed brick, high ceilings, and an open floor plan. These types of apartments are popular in urban areas undergoing gentrification and are favored by artists and creative professionals for their spacious layouts and unique character.
