According to a brokerage firm interviewed by Business Week, those searching for the next real estate "hot spot" or just trying to find a cheap and funky place to live should focus on this as one of the main factors:
If the zoning favors larger or more units, either residential or commercial, the area will gentrify more rapidly.
America's next hot neighborhoods
Oh, now we understand why all that density is being encouraged in LIC.
"We are going from salt piles to beautiful buildings," said Councilman Eric Gioia, a Democrat who represents Long Island City.
"All 5,000 of those units are in the top half of the Queens income bracket," said Brad Lander, director of the Pratt Center for Community Development. "Sixty percent of Queens residents could not afford to live there."
Great job representing your (future) constituents, Doorman!
Photo from AM-NY.