Read our full analysis for a more in-depth look at these trends.
Central business districts continue to face challenges
- Since the pandemic, central business districts have faced a slower rebound in consumer spending than the overall U.S.
- In BAC internal data we find the rebound in post-pandemic brick and mortar spending is still lagging in northern central business districts.
- The increase in working from home is one driver of this, but also the large domestic migration flows that occurred during the pandemic. Will cities find a way to bring consumers back?