Traditional downtowns are dead or dying in many US cities. What's next for these zones?

Traditional downtowns are dead or dying in many US cities. What's next for these zones?

The hollowing out of U.S. cities' office and commercial cores is a national trend with serious consequences for millions of Americans. As more people have stayed home following the COVID-19 pandemic, foot traffic has fallen. Major retail chains are closing stores, and even prestigious properties are having a hard time retaining tenants.

Traditional downtowns are dead or dying in many US cities — here's what's next

The hollowing out of U.S. cities’ office and commercial cores is a national trend with serious consequences for millions of Americans. As more people have stayed home following the COVID-19 pandemic, foot traffic has fallen. Major retail chains are closing stores, and even prestigious properties are having a hard time retaining tenants.The shuttering of a Whole Foods market after only a year in downtown San Francisco in May 2023 received widespr…

Traditional downtowns are dead or dying in many US cities − what's next for these zones?

A sign advertises retail spaces for lease at Union Square in San Francisco on June 21, 2023. AP Photo/Eric RisbergThe hollowing out of U.S. cities’ office and commercial cores is a national trend with serious consequences for millions of Americans. As more people have stayed home following the COVID-19 pandemic, foot traffic has fallen. Major retail chains are closing stores, and even prestigious properties are having a hard time retaining tenan…

Traditional downtowns are dead or dying in many U.S. cities — what’s next for these zones? | Finance & Commerce

Local governments urgently need to consider how to revitalize their downtowns in the post-pandemic world.