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Hybrid Work May Pose Challenge to Bars and Restaurants in Parts of the Tenth Federal Reserve District

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Abstract

As remote or hybrid work continues to be popular, office attendance has fallen. Less in-person work may increase office vacancy rates and reduce foot traffic to other businesses located in office-dense areas. Compared with the national average, most states in the Tenth Federal Reserve District have a lower share of office space in office-dense areas, but some of these areas have a higher share of bars and restaurants. The outlook for these businesses may depend on how foot traffic within office-dense areas evolves.

Suggested Citation

  • John McCoy, 2024. "Hybrid Work May Pose Challenge to Bars and Restaurants in Parts of the Tenth Federal Reserve District," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, March.
    • Handle: RePEc:fip:fedkeb:97896
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    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/10021/EconomicBulletin24McCoy0301.pdf
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