Commercial real estate properties—especially office and hospitality spaces located in downtown central business districts—are among the top generators of property tax revenue for cities across the country. Yet over the past two years, COVID-19-related disruptions have cast a pall on downtown real estate. Vacancy rates are running well above historical averages and commercial, retail, and hotel occupancy traffic is down considerably. The full report is available via the following link. (...)

Footnotes Category: