Some results of CRE data analysis seem like they belong in a disco hit from the 1970s.
"Downtown Manhattan is experiencing a weekend revival," wrote Placer.ai in a report. "On Mondays through Thursdays – the heart of the work week – foot traffic in the area remains significantly below pre-COVID levels. But on Fridays, visits begin to pick up – and on Saturdays and Sundays some downtown neighborhoods are even busier than they were four years ago. Destinations like Greenwich Village, East and West Village, and the Lower East Side drew more weekend visitors in Q4 2023 than they did in the equivalent period of 2019."
The questions that Placer adds are interesting — essentially, why things are speeding up on the weekends and what the demographic and psychographic attributes of visitors might show.
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