The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
3. www.SVN.com
Economic
Updates
Provided by
○ A study by the Mastercard Economics Institute
on consumer spending in New York City found
that small and medium-sized businesses in
residential districts have fared significantly
better in their recoveries than their
counterparts in central business districts.
○ Spending at businesses in residential
neighborhoods, which fell to 85% of their 2019
levels through April 2020, have since grown
past their pre-pandemic marks and sit 124%
above 2019 their year-to-date mark.
○ While the study focused on the NYC metro,
similar trends have affected cities across the
world. Globally, spending in central business
districts remains roughly 33% below pre-
pandemic levels through August 2021.
CONSUMER SPENDING: RESIDENTIAL
DISTRICTS VS. CBD
26. Please visit www.svn.com for more
information on the properties featured
on today’s call and to view all of SVN’s
active listings.
DISCLAIMER
This information has been obtained from sources believed reliable. We have not
verified it and make no guarantee, warranty or representation about it. Any
projections, opinions, assumptions or estimates used are for example only
and do not represent the current or future performance of the property. You and
your advisors should conduct a careful, independent investigation of the property to
determine to your satisfaction the suitability of the property for your needs.
All SVN® offices are independently owned and operated.