Hardware Stores: The Real Gentrification Barometer
Forget coffee shops and yoga studios — the concentration of hardware stores in D.C. is the best way to tell just how gentrified the city is. Washington City Paper’s Lydia DePillis looks into how Annie’s Ace Hardware, a new hardware store in Petworth, is a natural outgrowth of the neighborhood’s changing demographics: wealthier people who are rehabbing old homes.
Gentrification can be a double-edged sword for hardware stores, though. Some, such Adams Morgan Hardware, have been in neighborhoods for decades. But rising rents can price them out before they can potentially benefit from their new neighbors’ needs.