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The Weekly Take from CBRE cover image

The Way You Move: Author Joel Kotkin on Migration Trends and the Future of Cities

The Weekly Take from CBRE

NOTE

Remote work debate: Pre-COVID Trends Accelerated by the Pandemic

The data collected on the preference for working in offices during COVID is viewed as under duress, with existing trends showing that people were already leaning towards remote work. Urban areas already had more people working from home than taking transit. Millennials, now in their 30s, were already moving towards suburban areas due to affordability and better living conditions. The pandemic has accelerated these trends, with people gravitating towards suburbs and smaller cities. While some elite individuals may still prefer major cities like New York and San Francisco, the overarching movement is towards more affordable and family-friendly locations.

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