The city functions as a spatial articulation of the subject’s relation to loss, desire, and anxiety. Its melancholic atmosphere reveals what remains beyond symbolic resolution—what returns as a trace or hallucination within the field of perception. Within neoliberal urban logic, space becomes structured by the superegoic imperative to enjoy, turning anxiety into a constitutive element of subjectivity rather than a contingent affect. This anxiety is rooted in the instability of meaning itself, as the symbolic coherence of the city disintegrates, exposing the ruptures through which the Real emerges. The city thus operates as a psychoanalytic landscape where perception oscillates between reality and hallucination, and where melancholia signals the impossibility of full integration into the ideological order.