Some wanted to try picking their feet in Poughkeepsie.
Posted on 03/27/2021 9:00:31 PM PDT by SeekAndFind
Since the virus pandemic began, property firms and moving companies in New York City have reported a mass exodus of city-dwellers. Many of them are young families escaping the metro area's socio-economic collapse as hybrid work (or remote working) allows them to live in suburbia. We find out today, in a new report, many of those who fled Manhattan in the last 12 months ending in January 2021 didn't go very far.
Bloomberg cites mobile phone data from Placer.ai, which reveals 37% of Manhattanites fled to Brooklyn, Queens, Long Island, and other nearby suburbs. About 14.6% of them wound up in, well, you guessed it, Suffolk County, where the Hamptons is located. Next on the list is Brooklyn at 4.2%, Bronx 3.8%, Nassau 3.7%, Queens 3.3%, and Westchester 2.5%.
Surprisingly, two counties located in Florida made the list, with 2.5% Manhattanites moving to Miami-Dade and 2.1% to Palm Beach.
Source: Bloomberg During this period, Manhattan recorded a 12.8% decline in net migration as it appeared even in 2021, outbound migration trends continued to overwhelm inbound ones.
In a separate report, we've noted Manhattanites have been purchasing homes in Greenwich. Also, there have been migration trends to a tiny town in New York State's Hudson Valley called Poughkeepsie.
As parts of New York City reopen following strict coronavirus-related restrictions, a revival of the metro area could take years. For instance, the recovery of Manhattan depends on office workers returning to skyscrapers. In a recent study via the Partnership for New York City, they found about two-thirds of white-collar workers in the borough won't return to the office full-time.
From apartments to office space, rents are dropping as inventory surges. The hybrid work style that many companies have adopted over the last year is becoming more permanent, allowing employees to work where ever they want.
While some signs of life for the borough have recently materialized, a recovery back to 2019 levels is far away.
Thank goodness they didn’t follow Horace Greeley’s advice.
Commercial office space prices are going to plummet as the majority of businesses have figured out their employees can work at home far more cheaply.
CC
My niece is back in the KC area working remotely for her NYC boss. Not bad since she’s making NY money while living in a KC apartment. Of course, the rents are becoming ridiculous here.
STAY IN YOUR S HOLES!!! We’re full out here in Christian conservative country.
Companies already knew staff could work cheaper from home and would already let some of their tech and back office staff work remotely but companies were too cowardly to break the stigma of having regular staff work from home. Now that it's an accepted norm, the stigma is gone, and they can continue to have staff work from home.
The NYC stain in Florida gets worse.
I’ve lost 2 out of 4 renters in an in city building. Since before Covid the neighborhood had a lively young night life, I hope that I’ll fill them by summer or fall.
Some wanted to try picking their feet in Poughkeepsie.
But Suffolk still went for Trump!
And you are posting from... where, exactly? Fairbanks, Alaska?
Regards,
As far as Florida goes, they aren’t very good at colonization. Miami-Dade and Palm Beach doubtless already have Dem state senators and delegates and Dem congresspersons.
I have a place in the Hamptons. 2 solariums.
It’s a new place. Maybe you guys could buy me a housewarming gift.
And how are Snoopy and Prickly Pete?
A lot of it was also Boomer and early Gen X middle managers who didn’t trust WFH/didn’t want the peons to get away from their micromanagement too. Worked too many proposals for WFH at clients that got shot down because of old people.
Quite a few have picked their nose in Harlem.
AMEN!!! What you said!!!!
Do you have a horse named Prickly Pete?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.