• Video Link
• Video Link
https://youtu.be/HlKE_yoMeQM?si=EsMxOX6FIAr9_jZu
3rd St promenade in santa monica &, of course, dtla, & sections of san francisco, etc, have been hurting way more than I originally thought they would.
For the sunset strip, not sure how much decline is due to property owners demanding overly high rent. Even before Covid, the number of vacancies on key streets in manhattan was quite high....NYC landlords are notorious for charging sky high prices.
Real estate projs, devlprs & investment in properties were once so slow in LA, that redevelopment agencies had to be created. Those agencies were disbanded over 15 yrs ago. So if it happened before, it can happen again.