June 10, 2023

Neighborhoods helped by remote work

Wall Street Journal -  Many residential neighborhoods benefit from remote work. As people spend more time at home, they frequent local shops, gyms and restaurants... Data from Placer.ai, which tracks people’s movements based on cellphone usage, shows a stark divide between office and residential districts. In Downtown Los Angeles, visitor foot traffic is 30.7% below prepandemic levels, while Downtown Chicago’s visitor foot traffic is 27.2% lower. By contrast, in the residential areas of South Glendale and Highland Park near Los Angeles and in Chicago’s residential Logan Square neighborhood, visitor foot traffic has been rising and is nearly back to prepandemic levels.

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