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White-collar Jobs Leave Bay Area To Benefit Elsewhere

Feb 5, 2021 | Posted by Jeff Weil | Bay Area Housing, California Economics, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, millennials fleeing theses states, Mortgage, Newsletter, Pandemic, Residential Real Estate, Residential Real Estate Agents, Trends, U.S. Economics, Working From Home, Workspace |

In 2020 Austin, Texas saw a 5.8% year-over-year job growth, Boise Idaho enjoyed a 2.9% growth, Dallas 2.8%; Seattle 2.35; Denver 1.7% and Nashville 1.2%, which on the other side of this equation San Francisco and San Jose each lost 2.6% of their jobs in the finance, information and professional services catagories…I’ve heard stories of families selling their 20-year old West Coast home and moving East, purchasing a brand-new home 1,000 square feet or more larger, lowering their monthly mortgage by $1,000/month, and dramatically reducing their income and other tax payments. One downside to this is they may never be able to afford to come back to California…

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Jeffrey Weil, CCIM, MCR.h, SIOR

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Phone: +1 925 279 5590
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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