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Retail continues to be about location, and as a result, retail's recovery has varied widely in the past several months for many reasons, according to Placer.ai's year-end analysis.
Most people want to store their possessions within three miles.
Amenities will help landlords and occupiers be more competitive with employees who now have more options for where and how to work
Work from home trends will make location less important.
Growth in off-premise restaurant sales will only provide a partial offset to the on-premise sales decline.
There is still a place for the office, though remote work productivity has remained strong.
Fifty-five percent of counties were less affordable than in past fourth quarters.
Even if rental prices generally remain flat, demand for affordable housing will continue to rise.
Ten percent fewer renters applied for a new apartment in 2020.
Even before the crisis, most occupations were well-below their theoretical ceiling on average.