Hi floyd,
This sounds as professional as anything I've heard that's come out of demo studios in Nashville. It's radio material through and through – brilliant writing, brilliant singing, brilliant production.
There's nothing quite like the discreet use of hyperbole to raise the bar of emotional intensity in lyrics.
Personally, I find hyperbole a powerful songwriting tool and I always keep it in mind as a lyric development device. For this reason, I tend to use it later in a song's lyrics: often verse 2 or the bridge.
You've employed it way up front in the chorus! It's never occurred to me to do that. To my ears, your use of it was very effective. I thought that using the exaggeration of...
- around every corner, on ev'ry face i meet
on ev'ry cobblestone of every street
...was a very skilful way of showing us just how much this woman was inside the head of this guy and how this has trapped him in a web of misery that's pretty much impossible for him to escape from. It set-up the phrase "over-crowded memories" perfectly! The lyric sequence worked for me

Really, really terrific songwriting.
More please!
Noel
P.S. Great key change!
P.P.S. I've just seen that David Cuny also talks about "cobblestones" from a different perspective. It's good to have multiple views on things!