Research

How far along is the urban retail recovery?

For urban retail to recover, we need a full return of office workers and tourists to cities.

May 23, 2022
Contributors:
  • Taylor Coyne

The urban retail recovery is still in the middle of its journey, but rather than the ebbs and flows of the past two years, it feels that U.S. urban markets are on a steady upward trajectory towards normalcy.

  • Office workers aren’t back at pre-pandemic rates, but every month welcomes more and more people back, supporting nearby retail that relies on a robust daytime population.
  • People are traveling again, and with international restrictions ending and as summer months approach, popular urban tourist destinations are poised to see more visitors.
  • The return of casual sit-down dining is happening across all major urban markets, with new restaurants opening as demand for them increases.

It’s slow progress, but retailers’ interest in urban corridors is returning, deal volume is inching up, while shoppers, workers, travelers, and diners return to city life.

Download the latest retail research report now to learn more.

Fill out this form to download report

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your inquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.