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Santa Monica's Economic Decline Exceeds Peers | Los Angeles News
A new RAND report reveals that Santa Monica's economy has faced a steeper decline post-2019 compared to peer cities, with visitor spending and commercial vacancies significantly affecting local businesses. Sales for clothing and accessories have dropped by 75%, while food services saw a 24% decrease since the pandemic. Visitor numbers have fallen from 8.4 million in 2019 to 3.9 million in 2025. Although homelessness has slightly decreased, issues persist, especially downtown. Changes are www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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