Location. Location. Location.<p>It makes sense the gentrifying(-ied) are the ones with the greatest rent increases since they also have experienced the most change - in both renter demand and neighborhood economics.<p>Plainly put, the established, already-pricey neighborhoods on the list just aren’t that “cool” anymore. Now that those who were previously priced-out of the pricey neighborhoods found a new place to settle into and revamp around them (i.e. Brooklyn), the prices of those new places significantly increased as troves of others followed suit and moved to the “cool, new, changing” neighborhoods.