How might cities be able to get out of the dreaded "real estate doom loop"?

Jun 7, 2024
For cities whose downtown centers are struggling, investment in a core of residential, retail and entertainment spaces could help lure people back.
"Chicago really stands out because its activity is nearly back to normal," said Karen Chapple, director of the School of Cities at the University of Toronto. "Yet its work-hour activity Monday to Friday, 8 to 6 is around 60%."
Scott Olson/Getty Images

Biking in cities can be complicated, and map apps can only help so much

Jan 31, 2024
For cyclists, navigating town is a complex equation of infrastructure, hills, barriers and more. Apps like Google Maps are still figuring it out.
Navigating a city on a bike is more complicated than simply putting a destination in a map and following the suggested route.
Leon Neal/Getty Images

Why are some downtowns booming again?

Aug 7, 2023
Foot traffic in downtown Salt Lake City reached 139% of pre-pandemic levels in spring. And other cities can learn from its example.
A cheaper cost of living, beautiful scenery and a booming economy helped the Greater Salt Lake area grow by 51,000 people last year.
Daniel Slim/AFP via Getty Images

Here's what might happen if all that open office space stays empty

One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Office building vacancies are climbing, property values are sagging. That might have implications for all of the investors tied up in commercial real estate debt.
Andrew Caballero-Reynolds/AFP via Getty Images

The financial consequences of empty offices

Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
Almost every company is reevaluating its relationship with commercial real estate, says Aditya Sanghvi of McKinsey.
Justin Sullivan/Getty Images

Hot travel destinations this holiday weekend? Cities

May 26, 2023
AAA projects a 7% increase in Americans traveling 50 miles or more from home this Memorial Day weekend compared to last year.
Above, visitors near the Las Vegas Strip in August 2020. While the pandemic gutted Vegas' local economy, tourism has roared back.
Ethan Miller/Getty Images

Walmart’s store closures in Chicago highlight the challenges of urban big box retail

Apr 13, 2023
Walmart says that, collectively, its Chicago stores aren’t profitable. But academics point out they’ll still leave a hole when they’re gone.
A worker collects shopping carts at a Walmart store in Chicago. The company announced the closure of half of its stores in the city this week.
Scott Olson/Getty Images

For public good, not for profit.

Retail is recovering — and flowering — in smaller cities and the suburbs

Feb 1, 2023
A new report from the JPMorgan Chase Institute finds retail has followed consumers to where many more now work and live.
Consumers are continuing to spend — just closer to home. Above, people walk at an outdoor shopping area in Alpharetta, Georgia.
Jessica McGowan/Getty Images

Downtowns plan for a future with far fewer office workers

Dec 15, 2022
In New York City, daily office vacancy rates average about 50%. So it and other cities are trying to attract more visitors by converting office space to housing, improving public transit, and making their streets a destination.
Downtown Crossing, a major shopping area in Boston, on March 26, 2020.
Scott Eisen/Getty Images

Modern parking "meters" give cities the power to reduce congestion

Jun 28, 2022
Parking charges based on timing or vehicle type, for example, can encourage drivers to consider other forms of transit.
A frustrating public parking experience may make drivers reconsider driving in the first place.
Jewel Samad/AFP via Getty Images