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Big City Flight Continues as Millennials, Gen Z Work Remotely: Report

CCP Virus real estate US US News

Big City Flight Continues as Millennials, Gen Z Work Remotely: Report

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Americans leaving the big cities due to CCP virus lockdowns is not 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. “In 2020, we saw an untethering of employees and their place of work unlike any other time in history,” said the report by Graceada Partners released Jan. 13. “This shift has flattened the labor market and added tailwinds to quality-of-life focused smaller cities as employees vote for a shift in work-life balance by picking up and moving.” While the trend of remote work has been well underway at least since the mid-2000s, the pandemic situation has accelerated it by a decade, Joe Muratore, Graceada co-founder, told The Epoch Times. The phenomenon is particularly visible in the sub-lease market in the ultra-expensive first-tier cities where corporations stuck with long-term leases …

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