Since the early days of the pandemic there has been talk about companies favoring suburban investments over urban ones and shifting their workplace strategies to the suburbs in a hub-and-spoke model. At least one survey from Seyfarth suggests that this strategy may be coursing in a new direction.
In the survey, Seyfarth asks respondents if their companies will shift their investment sights to suburban markets and relocate all or part of their workforce to other states. A vast majority, 67%, said no, while 23% are shifting their investment sights to suburban markets. Only 2% were moving their workforces to other states.
Also, a large number of respondents, 39%, see urban multifamily recovering faster than any other CRE product type.
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