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Old 12-27-2022, 10:38 PM
 
Location: Odenton, MD
3,528 posts, read 2,324,811 times
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https://cre.org/wp-content/uploads/2...nt-Centers.pdf

Obviously this was “pre” COVID but it’s an interesting article

The top 15 ranked is as followed (Boston is weirdly omitted)

1. Midtown (Manhattan)
2. Chicago
3. San Francisco
4. DC
5. Philly
6. LA
7. Seattle
8. Oakland
9. Minneapolis
10. Denver
11. Baltimore
12. Milwaukee
13. Pittsburgh
14. Dallas
15. Cincinnati
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Old 12-28-2022, 05:40 AM
 
5,016 posts, read 3,918,842 times
Reputation: 4528
Quote:
Originally Posted by Joakim3 View Post
https://cre.org/wp-content/uploads/2...nt-Centers.pdf

Obviously this was “pre” COVID but it’s an interesting article

The top 15 ranked is as followed (Boston is weirdly omitted)

1. Midtown (Manhattan)
2. Chicago
3. San Francisco
4. DC
5. Philly
6. LA
7. Seattle
8. Oakland
9. Minneapolis
10. Denver
11. Baltimore
12. Milwaukee
13. Pittsburgh
14. Dallas
15. Cincinnati
Heavy correlation between density and vibrancy as seen on this list.

Boston would very likely sit somewhere between San Francisco and LA, depending on what areas they include. My guess is it’d be right in that 220 - 250 range.
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Old 12-28-2022, 07:20 AM
 
Location: Germantown, Philadelphia
14,171 posts, read 9,064,342 times
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I would like to know how they chose the CBDs, "adjacent downtowns", secondary cities and suburban office parks, given that there are also some glaring omissions there in light of what's included.

Boston's omission from the list of the downtowns is the most glaring, but there are others:

Jersey City but not Newark in the list of secondary cities
Downtown Brooklyn but not Downtown Oakland (CA) in the list of adjacent/anchor downtowns
Tysons Corner but not King of Prussia in the list of SOPs
Sprint Campus in Overland Park (KS) as an SOP but not the Country Club Plaza area (MO) in the list of adjacent downtowns

I suspect they were a little sloppy in their selection process, especially when you look at the vibrancy scores of some of the areas included (without delving into the numbers, I can attest that the Sprint Campus deserves the 9.9 it got)
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Old 12-28-2022, 08:24 AM
 
Location: Boston Metrowest (via the Philly area)
7,270 posts, read 10,596,784 times
Reputation: 8823
Interesting list; thanks for posting. It would be interesting to see a post-COVID ranking within then next year or so.

Unfortunately, I don't think we're quite done with the WFH/office vacancy reckoning, but some are predicting that 2023 will be the year where we begin to see the ”new normal” baseline for office occupancy for the foreseeable future.

On the bright side, I think we'll begin to see a lot more progress related to building conversions in many downtowns to reflect new demands for housing and entertainment, which will actually increase vibrancy in the long-run.
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Old 12-28-2022, 08:28 AM
 
Location: Washington D.C.
13,727 posts, read 15,757,657 times
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Quote:
Originally Posted by Duderino View Post
Interesting list; thanks for posting. It would be interesting to see a post-COVID ranking within then next year or so.

Unfortunately, I don't think we're quite done with the WFH/office vacancy reckoning, but some are predicting that 2023 will be the year where we begin to see the ”new normal” baseline for office occupancy for the foreseeable future.

On the bright side, I think we'll begin to see a lot more progress related to conversions in many downtowns, which can actually increase vibrancy in the long-run.
Some cities that needed more office space and workers pre-COVID may see WFH as a negative, but other cities that were way too office heavy will benefit from COVID moving their downtown into a more mixed use downtown with tons of residential space.
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Old 12-28-2022, 09:47 AM
 
Location: Boston Metrowest (via the Philly area)
7,270 posts, read 10,596,784 times
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Quote:
Originally Posted by MDAllstar View Post
Some cities that needed more office space and workers pre-COVID may see WFH as a negative, but other cities that were way too office heavy will benefit from COVID moving their downtown into a more mixed use downtown with tons of residential space.
Yes, there's truth to that. Philadelphia is an example that actually falls into the former category (for its size, at least), but is arguably beginning to make up for it quickly in the form of increased daytime population/consumer spending in its "Greater Downtown" neighborhoods.

DC would fall into the latter category (something with which I know you're intimately familiar).

Of course, there's not going to be a one-size-fits-all to adapting, but adapting is one thing that must happen for all cities, especially to make up for declining commercial property values:

https://www.wsj.com/articles/shrinki...ts-11670917430
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Old 12-28-2022, 09:49 AM
 
Location: Los Altos Hills, CA
36,657 posts, read 67,519,268 times
Reputation: 21239
Quote:
Originally Posted by Joakim3 View Post
https://cre.org/wp-content/uploads/2...nt-Centers.pdf

Obviously this was “pre” COVID but it’s an interesting article

The top 15 ranked is as followed (Boston is weirdly omitted)

1. Midtown (Manhattan)
2. Chicago
3. San Francisco
4. DC
5. Philly
6. LA
7. Seattle
8. Oakland
9. Minneapolis
10. Denver
11. Baltimore
12. Milwaukee
13. Pittsburgh
14. Dallas
15. Cincinnati
Wow
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Old 12-28-2022, 10:40 AM
 
Location: Brooklyn, NY
10,063 posts, read 14,439,885 times
Reputation: 11245
This is a fascinating list!

But severely outdated. It's almost 5 years old now, AND pre-Covid.

I'd bet the list is very different today. NYC still on top of course, but would like to see how an updated 2022 list pans out.
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Old 12-28-2022, 10:42 AM
 
Location: Odenton, MD
3,528 posts, read 2,324,811 times
Reputation: 3774
Quote:
Originally Posted by jjbradleynyc View Post
This is a fascinating list!

But severely outdated. It's almost 5 years old now, AND pre-Covid.

I'd bet the list is very different today. NYC still on top of course, but would like to see how an updated 2022 list pans out.
I’d imagine heavy office cores have staggered while cores with more mixed use weathered the storm significantly better
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Old 12-28-2022, 11:48 AM
 
Location: Brooklyn, NY
10,063 posts, read 14,439,885 times
Reputation: 11245
Quote:
Originally Posted by Joakim3 View Post
I’d imagine heavy office cores have staggered while cores with more mixed use weathered the storm significantly better
That's probably the case. I'd be interested to see which handful of downtowns have outpaced others.

I know some have thrived much faster than many.
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