The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
That’s one of the biggest factors for me, too. Of course the elite want to blame it all on WFH, but there are plenty of people who would still go to downtown areas to eat and shop and go to bars, but who the hell can afford that these days? If wages were even close to keeping up with the cost of living, I’d guess there would be more downtown activity.
That’s one of the biggest factors for me, too. Of course the elite want to blame it all on WFH, but there are plenty of people who would still go to downtown areas to eat and shop and go to bars, but who the hell can afford that these days? If wages were even close to keeping up with the cost of living, I’d guess there would be more downtown activity.