Consumer Morsel

January 2023

Central business districts continue to face challenges

Key takeaways

  • 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?

 

Read our full analysis for a more in-depth look at these trends.

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Consumer Morsel January 2023

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