LAS VEGAS—As Americans head back to work, cities are seeing significant increases of daytime workers, which, according to JLL research, is crucial for the urban retail rebound. During a JLL research briefing at ICSC Las Vegas, the firm said that cities like Chicago are bouncing back with warmer months and noted that foot traffic in the prime urban corridor is within 10% of 2019 levels.
JLL also pointed out that New York City's Times Square and San Francisco's Union Square are seeing the biggest gains in foot traffic from last year. In addition, the JLL report said that Miami, which has been one of the go to spots in the US while international travel has been restricted, continues to outperform pre-pandemic levels.
The number of people dining out is almost back to pre-pandemic levels, the firm said, especially in places like Los Angeles, where this time last year, they report that the number of people going out to eat was 50.8% below 2019 levels.
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