The big city flight continues—as millenials and generation Z work remotely. Young professionals prefer to live in smaller cities and buy their own homes.
Read MoreMajor 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.
Read MorePublished at GlobeSt
Downtown high rises will decline in value by 10 to 15% as companies drive increased demand for office space in more dispersed secondary markets, according to a new report by Graceada Partners.
Read MorePublished 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.
Read MoreAmericans leaving the big cities due to CCP virus lockdowns isn’t just a temporary phenomenon, as young professionals are building homes in smaller cities and millennials are “finally nesting,” according to a report by a California-based commercial real estate firm.
Read MoreA year ago, if I had told you millions and millions of people would be working from home indefinitely, you would have probably dismissed me as someone desperately trying to sell in-home office renovations.
Read MorePublished at Sacramento Business Journal
With an eye toward a post-Covid-19 office environment, one investor has picked up a second Point West building in recent weeks.
Read MorePublished 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.
Read More