Why and how do the existence of hip and trendy restaurants cause rents to rise up?

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I saw this meme which as an attack on these trendy burger joints, you know the one. The gentrified ones, “we do things a little different here”, 11 dollars for mac and cheese, repurposed furniture for chairs and tables, motivational words on the walls etc. and its followed by “If you see this on your street expect your rent to rise up”

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I dont get it. How does it make rent go up?

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6 Answers

Anonymous 0 Comments

Correlation is not causation

Rent doesn’t go up because of the burger restaurant,

The restaurant moved in because rent went up. Restaurants want to be where people have disposable income

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