Tech Workers’ Exodus Pressures San Francisco’s Economy

Major metros with a booming economy, large talent pool and attractive cultural life used to dictate the pace of new trends and lifestyle choices across the U.S. The pandemic, however, has swept away the benefits of gateway cities and prompted residents to move to secondary markets, giving way to a more dispersed economy and employment base, or the “outpost economy” according to a report by Graceada Partners.

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The Burgeoning Outpost Economy Drives Demand to Smaller Cities

Published at Connect Commercial Real Estate

Among the effects of the shift away from the traditional office environment has been the advent of what investment management firm Graceada Partners calls “the outpost economy.” As defined in a new report, this term signifies the rise of a more dispersed economy and employment base away from major cities to smaller cities with high quality of life that draws workers who have become untethered from their physical place of work in major cities.

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Workers over workspace: How Modesto can thrive in new office, post-pandemic landscape

Published at The Modesto Bee

Since the coronavirus pandemic upended nearly every facet of people’s lives in March, millions of Americans have started to work from home, many for the first time. What began as a precaution quickly turned into months of teleworking, leaving whole office parks sitting vacant not only in Modesto, but across the country.

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