WFH Exodus Creates Opportunity for Small Towns
A lot has happened produced by the time of the plague to flee to Lake Tahoe, Martha’s Vineyard, or Aspen. White collar workers, freed from office pressures, last year moved to another ski and hill station – the town of Zoom. The local people were angry. The labor market was restructured. American life has changed dramatically. Or the story goes.
But the most recent shows show that Zoom Town USA looks like Alameda County, California, on the coast of San Francisco. 18% of those who left San Francisco last year arrived there, by bus, bus, or boat. Accommodation in small towns around Boston-Natick, Worcester, and Weymouth.
According to a Post Service report overseen by a real estate company at CBRE, those who took money during the epidemic would not be able to climb to higher ground than relocate to neighboring, smaller cities, a short distance from the city center. A City analysis found that 84% of people who left 50 major cities in the country between March 2020 and February 2021 lived in the same area. An additional 7.5% lived in the same region.
It’s still young An excerpt from the University of Chicago published last week shows that the slaves will continue to work from home. Using a US-based study of 30,000 working years, researchers estimate that 20% of post-epidemic working days take place at home, compared with 5% before the virus.
This suggests that one legacy of the virus may be confusing to small cities and residential areas. Most people can just sit at home and spend money there. The same Chicago study says a temporary change to home use will reduce city spending by 5 to 10%. But people will ruin it somewhere.
Bill Fulton, director of the Kinder Institute for Urban Research at Rice University, said: “People who do household chores still want to go out, either during the day or at the end of the day, and they want to spend their money on fun activities and fun places.” . “If you move to San Francisco, you don’t want to spend all your money on Applebee, do you?”
Tracy Hadden Loh, a Brookings Institution student who specializes in home remodeling, stated: “I think frustrated people with laptops are everywhere. They have come to see your favorite place. ”
The changes have prompted managers, city planners, and developers to think about how to prepare for this dangerous future — and ask a lot of questions. Who will live here? Who will work here? Who drives or walks here, and when? Most important: What types of houses What kind of people should we build with?
MassINC, a Massachusetts think tank that focuses on economic development within the state, this month he says that fellow “mixed” employers – mixed with workplace and domestic workers – would consider setting up satellite offices in small, state-owned cities with empty storage facilities. That’s a success, the think tank says: Companies have large offices, no Boston rent, and small areas receive a lot of tax revenue from retailers and those who spend a few days a week.
“This is an opportunity for these small towns to be established and to seize some of the people who would like to be no longer in the city,” said Andre Leroux, who heads the group’s Transformative Transit-Oriented Development program. . Areas such as Lowell, Springfield, and Worcester should not be the only sub-branch of Boston, he says. “They can prove their old place as a place to live in their community.”