Hope emerges that downtown San Jose economic rebound is underway

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Hope emerges that downtown San Jose economic rebound is underway
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New research suggests downtown San Jose has posted one of the nation’s strongest rebounds from coronavirus-spawned economic maladies.

SAN JOSE — New research suggests downtown San Jose has posted one of the nation’s strongest rebounds from coronavirus-spawned economic maladies, offering hope the city’s urban core can escape a “doom-loop” scenario.

How high does downtown San Jose’s 96% activity level rank? The 96% mark represents the third-highest activity level in North America, trailing only the 103% activity level for Las Vegas and the 97% mark posted in downtown El Paso, Texas, according to an Oct. 16 update from the University of Toronto academics.

The researchers surveyed eight downtown districts in California, including downtown Oakland, which was at 74% of its pre-COVID mobile device activity and downtown San Francisco, which was only at 67% of its pre-coronavirus mobile phone activity. Some experts warn that political and business leaders may have to scramble to ensure their downtown districts can avoid the sort of “doom loop” scenario that appears to be facing San Francisco.

The Brookings researchers noted that American downtown districts have survived a string of seemingly fatal calamities such as suburbanization, white flight, rising crime in urban centers during the 1990s, and New York City’s crisis in the wake of the 9/11 terrorist attacks. Yet American downtowns have survived all of these woes.

For San Jose, Mayor Mahan is calling on city residents, business leaders and local government officials to embrace a “back to basics” approach that focuses on addressing the South Bay city’s crime, homelessness, blight and economic vibrancy challenges.

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