Before the pandemic, people and economic growth were concentrated in global gateway cities. It was putting a strain on resources and creating crisis-level housing affordability challenges.
"We had all of the economic growth and population congregating in global gateway cities, and the cost of housing was so high. That was the big topic pre-COVID," Jeff Adler, VP at Yardi Matrix, tells GlobeSt.com.
Of course, during the pandemic, that changed. No longer tethered to offices, people opted to move to new, smaller cities. Adler is speaking at the upcoming GlobeSt.com Apartments conference on October 26 and 27 on a panel called The Investment Landscape: How Multifamily is Driving Economic Recovery, where he will explain how accelerated migration out of urban markets during the pandemic is helping to fuel economic growth.
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Kelsi Maree Borland
