© 2024 Real Estate Consultants of Colorado, LLC
Austin, TX
At the beginning of the pandemic, there was a great deal of discourse on how Colorado would become a net benefactor of the trend towards remote working. The idea was that large numbers of professionals working elsewhere around the country would move to Colorado because they could now work from anywhere and wanted to live here. Businesses seem to have also taken last year as an opportunity to relocate from the coasts to business-friendly states with lower costs of living, but Colorado has not led this trend. While companies like Oracle, Peloton, Starwood, and Hewlett Packard Enterprise have all moved from California or the New York area to Texas and Florida, Colorado has notched just one big win with Palantir's move from Silicon Valley. Why do you suppose this is? BisNow recently published this interesting article that explores the exodus of large companies from large cities historically tied to big business.
At the beginning of the pandemic, there was a great deal of discourse on how Colorado would become a net benefactor of the trend towards remote working. The idea was that large numbers of professionals working elsewhere around the country would move to Colorado because they could now work from anywhere and wanted to live here. Businesses seem to have also taken last year as an opportunity to relocate from the coasts to business-friendly states with lower costs of living, but Colorado has not led this trend. While companies like Oracle, Peloton, Starwood, and Hewlett Packard Enterprise have all moved from California or the New York area to Texas and Florida, Colorado has notched just one big win with Palantir's move from Silicon Valley. Why do you suppose this is? BisNow recently published this interesting article that explores the exodus of large companies from large cities historically tied to big business.
© 2019 Real Estate Consultants of Colorado, LLC