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Your Company Allows You To Work From Home, You Relocate To a Lower-Cost Region, Buy a Home, Move your Family, Then Your Company Changes Its Mind

Mar 2, 2021 | Posted by Jeff Weil | Accounting, Bay Area Housing, California Economics, Commercial and Business Insurance, Commercial Tenant Improvement Contractor, Employment, Newsletter, Office Furniture, Office Space, Pandemic, Real Estate Landlords, Residential Real Estate, Residential Real Estate Agents, Technology, Tenant Improvements, The Office Market, Tips for Tenants, Trends, Trends for Office Tenants, U.S. Economics, Working From Home, Workspace |

There have been a number of major tech and finance companies over the past nine months who have announced long-term stay-at-home policies, prompting thousands of employees to uproot their families, relocate to a much less expensive region, purchase a new home, and begin to enjoy life with less financial stress. Many companies have had detailed policies, some maybe not so detailed. In today’s San Francisco Business Times, “In a sign that companies are starting to clamp down on where remote workers can be based, Lyft is requiring its remote workers to be in one of 36 states where the company is already registered to do business. Employees working in one of the unfavored 14 states must move by month’s end.” Many companies, such as Facebook, have policies requiring employees to get prior approval. And what prevents companies from changing policies in the future?

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Jeffrey Weil, CCIM, MCR.h, SIOR

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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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