[alexose]

Portland, too. The neighborhoods are doing OK, but downtown still feels empty.

It’s interesting to me that it hasn’t depressed commercial real estate prices all that much. Rents are still crazy expensive, with many vacant storefronts and even entire buildings along the light rail lines. The market forces around commercial real estate seem disconnected from reality in a surprising and unintuitive way.

Still, downtowns can be cyclical. NYC in the 70s is a prime example. The days of Taxi Driver are long gone. I guess the question is what stimulus needs to be applied to kickstart the turnaround process.

[FredPret]

I’m far from a commercial RE expert, but I know they do tend to have very long leases. That would make it less responsive to sudden changes like 2020 and the subsequent changes