The "gentrifiers" have brought an awareness to many downtown areas but as archfan said, many will and have been priced out of the area. Here's an example. My daughters high school teacher lived in a loft in the market well before it became hip. She left last year because of the spike in rent.
Here's a more detailed article about the process. Take a gander of Nelson in a fedora and cuban cigar. Just might tell ya where it's heading.
http://www.deadlinedetroit.com/artic...dlords_move_in
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