City economies already coping with a post-pandemic reality of downtowns full of obsolete older office buildings now are facing a migration of major retail brands, who increasingly are choosing smaller suburban locations over downtowns and malls.

JPMorgan Chase issued a report this month on what it is calling a “Downtown Downturn”—the lingering pandemic shock to bricks-and-mortar retail in urban centers also suffering from office vacancies.

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