Sure, layer in the cyclical expansion of restaurants and breweries/wineries that fed on cheap interest rates/loans and combine it with Portland being one of the harder-hit cities with COVID foot traffic changed as well as one of the least affordable cities(wages vs. COL) in the nation and you’re bound to see pullback in discretionary spending and F&B are among the first things to be cut–especially at the prices they want to charge in Portland.
The service industry is getting hit especially hard.
Sure, layer in the cyclical expansion of restaurants and breweries/wineries that fed on cheap interest rates/loans and combine it with Portland being one of the harder-hit cities with COVID foot traffic changed as well as one of the least affordable cities(wages vs. COL) in the nation and you’re bound to see pullback in discretionary spending and F&B are among the first things to be cut–especially at the prices they want to charge in Portland.