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We should still expect retail to be alive and well in cities, where people aggregate. The JP Morgan Chase institute report cited by [1] looked exclusively at th
by Vervious 3y ago
We should still expect retail to be alive and well in cities, where people aggregate. The JP Morgan Chase institute report cited by [1] looked exclusively at the impact of WFH and covid. With the pandemic now "over", we should expect SF to bounce back, as did NYC (which now has fewer retail vacancies than pre-pandemic) and many other cities.
In particular, NYC feels incredibly vibrant right now, more-so than pre-pandemic. Maybe it's because of tourism, which is at 110% of pre-pandemic levels. In comparison, SF feels like it got left behind.