It is a similar problem with retail space. When a dense, urban neighborhood like those in Manhattan has 30+% of their retail space unoccupied it has huge impact

It is a similar problem with retail space. When a dense, urban neighborhood like those in Manhattan has 30+% of their retail space unoccupied it has huge impacts on how it feels to live there. A block or two with empty retail space means no lights on at night which affects not just the 'vibe' but how safe it feels to walk around.