Figure 5
From: The canary in the city: indicator groups as predictors of local rent increases
Transforming neighborhoods. (a) For each neighborhood in Chicago, we compare the number of unique indicator visitors in 2012/2013 with the census median rent in 2012; the neighborhood bins (green) generate a baseline (corresponding to Fig. 2(b)). Neighborhoods below (above) the baseline show a disproportionately high (low) rent compare to other neighborhoods in the same bin. With Pilsen, Logan Square, and Lake View, we show three neighborhoods in different transformation stages. (b) Mapping the level of disproportion with the Visitor-Rent-Index (VRI) (on the rise, \(\mathrm{VRI} < 0\)). Here, we removed neighborhoods with less than 10 indicator visitors from the map. (c) We compare the rent increase (2012–2015) in neighborhoods with a low VRI (first quartile) to neighborhoods with a high VRI (last quartile). Neighborhoods with a low VRI show significantly higher rent increase (notches indicate 95% confidence interval around the medians)