Pandemic’s Next Victim Could Be Philly’s Retail Renaissance
Mar 20, 2020
Central Philadelphia’s shopping and restaurant scene has been on an upswing for years. The new coronavirus could change that. Business closures aimed at containing the pandemic are all but certain to result in a surge of vacancies, just when dealmaking for future leases has come to a virtual halt due to travel bans and economic jitters. It’s a one-two punch that could hardly be landing at a worse time. After the year’s lean winter months, stores and restaurants look to make up for revenue shortfalls with springtime foot traffic that will now be delayed, if it comes at all. Read more at Philadelphia Inquirer.
