Businesses move to Commercial Real Estate in the Suburbs? I Seattle Real Estate Podcast

Will businesses leave the central business district for the suburbs?

Real estate CEO expects ‘exodus’ of central business districts to last the next two years

Marcus & Millichap President and CEO Hessam Nadji told CNBC he expects the residential “exodus” from city centers such as New York City to last up to two years.

Commercial real estate demand has also picked up in the suburbs as some businesses follow workers into the city outskirts, he said in an interview on “The Exchange.”

The health crisis has sped up the movement of millennials out of the downtown, but demand for central business districts can be expected to return, he said.

#business #workfromhome

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