Climate Gentrification: From Theory to Empiricism in Miami-Dade County, Florida

Item

Title
Climate Gentrification: From Theory to Empiricism in Miami-Dade County, Florida
Description
This article provides a conceptual model for the pathways by which climate change could operate to impact geographies and property markets whose inferior or superior qualities for supporting the built environment are subject to a descriptive theory known as ‘Climate Gentrification.’ The article utilizes Miami-Dade County, Florida (MDC) as a case study to explore the market mechanisms that speak to the operations and processes inherent in the theory. This article tests the hypothesis that the rate of price appreciation of single-family properties in MDC is positively related to and correlated with incremental measures of higher elevation (the ‘Elevation Hypothesis’). As a reflection of an increase in observed nuisance flooding and relative SLR, the second hypothesis is that the rates of price appreciation in lowest the elevation cohorts have not kept up with the rates of appreciation of higher elevation cohorts since approximately 2000 (the ‘Nuisance Hypothesis’). The findings support a validation of both hypotheses and suggest the potential existence of consumer preferences that are based, in part, on perceptions of flood risk and/or observations of flooding. These preferences and perceptions are anticipated to be amplified by climate change in a manner that reinforces the proposition that climate change impacts will affect the marketability and valuation of property with varying degrees of environmental exposure and resilience functionality. Uncovering these empirical relationships is a critical first step for understanding the occurrence and parameters of Climate Gentrification.
Version of Record
Creator
Keenan, Jesse
Hill, Tommy
Gumber, Anurag
Publisher
Institute of Physics
Date
2022-09-26T11:52:23Z
2018-04-23
2018-01-18T15:41:29Z
2018
2022-09-26T11:52:23Z
Type
Journal Article
Format
application/pdf
Identifier
Quick submit: 2018-01-18T10:41:24-0500
Keenan, Jesse Michael, Tommy Shay Hill, Anurag Gumber. "Climate Gentrification: From Theory to Empiricism in Miami-Dade County, Florida." Environmental Research Letters 13, no. 054001 (2018). DOI: 10.1088/1748-9326/aabb32
https://nrs.harvard.edu/URN-3:HUL.INSTREPOS:37373268
10.1088/1748-9326/aabb32
Language
en_US
Relation
10.1088/1748-9326/aabb32
Environmental Research Letters
Item sets
Graduate School of Design