The move to the suburbs
What: A Harris poll survey shows that nearly a third of urban residents are considering moving to less densely populated areas. The numbers are especially high amongst millennials and people living in expensive cities like San Francisco. Realtor.com has seen a 13% jump in searches for suburban zip codes.
So What: Younger generations moving away from expensive cities and bringing their jobs with them is not only a reaction to the ongoing pandemic but is a longer underlying direction of change that a lot of cities have already been experiencing.
The exodus: A rise in remote working could crater expensive housing markets
This article is part of Emerging Futures of Remote Work – An Institute for the Future Signals Report for The Remote Lab