Abstract
Global City formation, gentrification and the appropriation of ground rent in Frankfurt am Main. Based on statistics on land values between 1984 and 2012, this paper focuses on the relations between Global City formation, gentrification and the appropriation of ground rent in the case of Frankfurt am Main. It argues that the post-fordist urban hierarchy and the power of landowners to treat their property as a pure financial asset are reflected in rising and volatile ground rent levels in Germany’s most globalized financial center compared to the national average of urban property markets. Furthermore, it interprets the increasing potential for the appropriation of monopoly rents as a driving force behind recent gentrification processes in inner-city neighborhoods.
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