The pandemic is accelerating recent trends in commercial real estate with potentially catastrophic consequences for the commercial corridors that play such a fundamental role in the urban fabric.

An article by Jorge González and Jein Park checks in with the state of commercial corridors, which the article calls the "backbone of neighborhoods."
Despite their centrality to so many neighborhoods commercial corridors are dealing with major destabilizing forces, and according to the article that destabilization reaches far beyond the businesses owners effected by the economic effects of the pandemic. " Increased storefront vacancies not only indicate economic hardship for property owners, businesses, and local governments (through reduced fiscal revenues), but they also affect the surrounding communities," write González and Park.
The article identifies one critical trend: The pandemic is accelerating a decade-long trend of rising retail vacancies.
Today, Yelp data show permanent business closures have increased steadily since the pandemic began, and as of September, 60 percent of the 160,000 closures registered in the platform were permanent. The hardest-hit businesses are restaurants, retail stores, beauty stores and spas, bars and nightlife venues, and fitness venues—key components of commercial corridors.
The negative effects of vacancies (e.g., reduce property values, fire risk, crime, and negative health effects) can be mitigated by local governments, according to the article, even if the federal government never puts together a second round of economic stimulus. Among the suggested prescriptions for the economic downturn for commercial corridors during the pandemic, the article suggests grants and loans, repurposing of public spaces previously devoted to automobiles, relaxed zoning and permitting, and public art programs, vacancy taxes, and more.
Each recommendation includes more detail in the source article.
FULL STORY: Local Policies Can Protect Commercial Corridors as the Pandemic Continues

Trump Administration Could Effectively End Housing Voucher Program
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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