By now, it is no surprise that the concept of the workplace has been turned on its head over the past year. From the physical office, to work-life balance, everything we once knew about work has been altered.
As a result of this, a 2021 report from Urban Land Institute and PwC found that interest into new homes and single-family real estate has grown among workers, particularly in the suburbs and areas with a lower cost of living.
However, the ongoing migration among workers has varied across generations. For instance, a survey from software firm Qualtrics revealed that 25% of Gen Z moved away during the pandemic, while only 6% of Baby Boomers reported moving away.
Additionally, 8% of city dwellers stated that they had left their homes for a variety of reasons including: wanting to be closer to family, to have more space and simply being ready for change.