One of the world’s largest commercial real estate services firms predicts herd immunity will be achieved by September, that the e-commerce/retail mix is stabilizing, and that Americans are dying to get out and spend their $2 trillion in excess savings.
The tides may be turning for brick-and-mortar stores, with consumers indicating a strong desire, once they are vaccinated, to return to malls and shopping centers.
Chicago has long been known as The Second City due to its secondary status in the shadow of New York, but it’s one of the major metros that lost lots of high-income residents during the pandemic.
