Milwaukee Bucks Inc.’s Post

This article is another great one by the WSJ that highlights the demise of downtown office districts and the importance of implementing “fun” or “exciting” attractions to new developments for the vitality of the area. https://lnkd.in/gervskHi

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5 REASONS YOU SHOULD MOVE TO FL 🌴: 1) Beautiful Weather Year-Round: Tampa Bay boasts a warm, sunny climate with mild winters, making it ideal for outdoor activities, beach outings, and enjoying a coastal lifestyle throughout the year. 2) Vibrant Culture and Entertainment: The area is rich in cultural attractions, including museums, theaters, music festivals, and a lively arts scene. Sports enthusiasts can enjoy major league teams like the Tampa Bay Buccaneers and the Tampa Bay Lightning. 3) Growing Economy and Job Opportunities: Tampa Bay is experiencing economic growth with diverse job opportunities in sectors such as healthcare, finance, technology, and tourism. The region is home to several major corporations and a thriving startup ecosystem. 4) Stunning Waterfront Properties: Tampa Bay offers a variety of luxury real estate options, including waterfront homes, condos with ocean views, and gated communities. Living by the water provides a serene and picturesque environment. 5) High Quality of Life: With excellent schools, top-notch healthcare facilities, and a relatively low cost of living compared to other major metropolitan areas, Tampa Bay is an attractive place for families, retirees, and professionals seeking a high quality of life. These reasons make Tampa Bay an appealing destination for anyone looking to enjoy the benefits of living in Florida. #relocation #florida #tampabay #mrhighrise #flrealtor #tamparealtor #fyp

The Wall Street Journal depicted Downtown St. Louis as a modern day Gotham made famous by the comic book Batman; they are not wrong. “The night is darkest just before the dawn.” Although the above quote from the Batman movie Dark Knight is not scientifically accurate (see 12 am), it succinctly describes the glum chapter we are on in our City’s history. The WSJ writer accurately paints a picture of a once vibrant ecosystem that is almost devoid of any pulse with its numerous vacant buildings, boarded-up businesses, scant foot traffic and rampant crime. Through compelling data, the story describes our Downtown’s descent into a doom loop Post-COVID with an inability to reinvent itself for a 21st Century remote-work world. Based on its research, we are near rock bottom compared to other major U.S. cities. We need St. Louis’ leadership to drastically change the spiraling trajectory of our Downtown with policies that reinvent how our lodestar and its residents/businesses co-exist. Other Rustbelt cities like Detroit have done an amazing job transforming their downtown’s into vibrant livable spaces again. I firmly believe we can do it with the public and private sectors working together to formulate a revolutionary strategic plan. The leaders of the City have been copied/put on notice with this LinkedIn post. Let’s see if they engage their constituents in a joint effort to rehab the face of Downtown for the betterment of our community. Show us the light! “And I promise you, the dawn is coming.” #community #rebirth #change #hope L. Jared Boyd Sara Baker Conner Kerrigan Charles E. Coyle, Sr. Megan-Ellyia Green Cara Spencer Neal Richardson, MBA Jason Hall City of St. Louis Greater St. Louis, Inc. St. Louis Post-Dispatch Alan Achkar St. Louis Business Journal Erik Siemers Konrad Putzier

Fortunately in Wisconsin, there was a push to keep people connected to office space, and even City leaders working with companies to incentivize workers to be in the office at least some of the time. Our BIDs have worked diligently to activate the City and restaurants have remained flexible to support increased traffic in Downtown Milwaukee. We even see DOT data showing that workers are 'back' to pre-pandemic levels across SE Wisconsin. Juxtapose this to cities such as San Francisco and Chicago, trying to save their downtown office districts from spiraling into a doom loop. St. Louis is already trapped in one. This was a stunning piece of information from the article: .."On a recent Tuesday morning, few people are on the streets on a 15-block stretch that makes up much of the southern portion of the St. Louis office district. Two empty storefronts exist for each open one. The office district’s northern half is a bit more lively, but not by much. Good luck finding a clothing store. There isn’t even a McDonald’s. Violent crime is rare, but car break-ins are common. The price for the AT&T Tower, three blocks from the Railway Exchange, was a sliver of the $205 million it sold for in 2006. Its value has been falling for years. In 2022, it changed hands for just $4 million." #workplace #officerealestate #safety #doomloop #postpandemic #commercialrealestate CARW - Commercial Association of REALTORS Wisconsin, Milwaukee Downtown, BID #21#21, Historic Third Ward Association City of Milwaukee

Forecast: Gradual Rate Cuts Ahead #kittitascountyrealestate #ellensburg #centralwashintonhomes #ellensburg #kittitascounty #pacificnorthwesthomesales #washingtonhomes #eburglife #realestate #pnwrealestate

St. Louis appears trapped in a city centre doom loop - with San Francisco not far behind - where offices sit empty, shops and restaurants close and abandoned buildings become voids that suck the life out of the streets around them. Locals often find boarded-up buildings depressing and empty sidewalks scary. So even fewer people commute downtown. This self-reinforcing cycle has accelerated in recent years as the pandemic emptied offices. St. Louis’s central business district had the steepest drop in foot traffic of 66 major North American cities between the start of the pandemic and last summer. And while things have improved some in the past 12 months, it is at a slower rate than many Midwestern cities. According to the The Wall Street Journal this "stands as a warning to others that this is the future for America’s downtowns if they can’t reinvent themselves and halt the downward spiral." Six of the 10 U.S. office districts with the steepest drop in foot traffic between 2019 and mid-2023 are in the Midwest. Common features are population loss; competition from newer offices in the suburbs and failed urban planning left behind a glut of dreary, empty buildings and wide, dangerous roads; business district have few apartments; and tourism not enough to make up for missing office workers. According to Glenn MacDonald, a professor of economics at Washington University in St. Louis’s Olin Business School. “It’s a classic chicken and egg kind of deal. People don’t go there because there’s nothing to do. There’s nothing to do because people don’t go there.”

A morning case of cognitive dissonance 🤯 A) You can read every other day how Canary Wharf’s offices are empty, the city is empty, everyone is working from home, it’s the end of commercial real estate etc. B) I’m writing this from a commuter train, absolutely packed, no one can get in, with people who I’m 99% sure are going to work in an office. Which one is it then? And a follow up question: if you recall absolutely everyone in the office, can the tube/trains/buses cope? #sardines #commuters #wfh #office

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