There’s been a lot reported about San Francisco residents fleeing the city, causing rents to plummet and SF home sales finally embracing transparent pricing. But when looking at data from online real estate platforms, most of the real estate searching is still happening within the metro area and throughout California....More
“Despite economic lockdowns and the health risks recently attributed to cities, Americans on the whole are maintaining an appetite for density. The share of all searches for higher-density cities has actually increased over the first two quarters of 2020.
…Some dense cities like New York and San Francisco do not appear to be at high risk of an urban exodus, while others like Chicago and Boston show more troubling signs…”...More
The tech industry is built on serendipity. If workers flee the Bay Area, what’s left?
It’s been a big week for subsidized housing in Berkeley. And it just got bigger.
On Thursday night, the city’s Zoning Adjustments Board unanimously approved a new project from Panoramic Interests for a 39-unit complex made from modular construction to house people who were formerly homeless....More
Anecdotes aside, there’s no data that people are fleeing cities to avoid the Coronavirus
The data show young, well-educated adults moving to urban centers everywhere, and no decline in interest in urban markets during the pandemic
As we’ve chronicled at City Observatory, there’s a welter of press accounts claiming that people are fleeing cities to escape the Coronavirus....More
The global asset manager is partnering with tech-forward, multifamily operator, Common in a 575-unit portfolio expansion.
Nuveen Real Estate has selected multifamily real estate operator, Common to manage operations and leasing for two of Nuveen’s largest, class A multifamily assets....More
Lower taxes? Cheaper housing? Shorter commute? For some knowledge workers fleeing the big city amid the pandemic, the perks of relocating to a distant burg will soon grow stale....More
Inequality, spiralling rents and now remote working: the city has a number of problems but keeps growing anyway...More
"Why cities will flourish in a post-Covid world: Talented young adults are moving to urban neighborhoods"
The movement of talented young adults to dense urban neighborhoods isn’t waning, it is widespread and accelerating, and it is powering urban revival.
Cities continue to be magnets for talented young adults The number of well-educated young adults living in close-in urban neighborhoods is increasing in every large US metropolitan area, and this trend has accelerated in recent years....More