How the Decentralization of Cities Has Changed the U.S. Office Space Market
August 22nd, 2022Among the many changes brought about by COVID-19, the disruption to work arrangements and mobility patterns is perhaps the most profound.
Since 2020, companies of all shapes and sizes have decided to re-structure their workforce, implementing new working models and providing employees with previously unforeseen levels of mobility. This freedom has resulted in many of these employees re-structuring their lives, relocating to more affordable or personally preferable cities. Moreover, the increased implementation of remote and hybrid office-work models has changed the way employers and employees think about location, causing many workers to reassess the need to live close to major business centers.