Heard on the Beach: Herd Community
Pandemic-era uncertainty surrounding remote work, fiscal health, and politics suggest a wide range of potential outcomes for big cities. These factors may upend the long running megatrend toward urbanization, which carries implications for Sun Belt versus gateway market dynamics and the urban-suburban balance within metros. Recent market-level employment trends are tightly-linked with WFH utilization rates. And a tail risk worth exploring is the potential for San Francisco or NYC to follow Detroit’s path.