COVID-19 and the subsequent shift to remote working impelled many Americans to change their cities of residence. Large “blue” states and big cities saw increased outmigration, while small to mid-sized cities and the Sun Belt regions enjoyed growth. A sponsored report by Clarion Partners, Accelerated migration post-pandemic drives real estate returns, which was published in the September issue of Institutional Real Estate Americas, explores the effects of this movement on U.S. real estate performance. Real estate investors need to understand the drivers behind this migration, according to the report’s authors, which include taxation, climate, affordability, crime rates, aging millennials and retirement among baby boomers. To access a pdf of the Sponsored Section, click here.
