REALTOR® Magazine-Daily News-Employers Continue Their Move to Suburbs

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Daily Real Estate News | April 9, 2009 | Employers Continue Their Move to Suburbs
More businesses are moving to the suburbs, joining their employees who have long since abandoned city centers.

The trend isn’t really linked to the current economic slowdown, says a study released this week by the think-tank Brookings Institution, but it’s a trend that could be affected by the Obama Administration’s spending on infrastructure, including low-cost housing, mass transit and road construction.

Of the 98 metropolitan areas studied by author Elizabeth Kneebone, a senior research analyst for Brookings, jobs left the urban core in significant numbers in 95 of those communities.

Cities with more than 50 percent of jobs located at least 10 miles from the city center were Detroit (77.4 percent), Chicago (68.7 percent), Dallas (66.9 percent), Los Angeles (65.6 percent), and Philadelphia (63.7 percent).

Metropolitan areas that have resisted this trend and still have large percentages of jobs in the urban core include Virginia Beach-Norfolk, New York City, Salt Lake City, Las Vegas and Boston.

Between 1998 and 2006, the largest increases in jobs outside of the central business district were in Phoenix; Memphis, Tenn.; Jacksonville, Fla.; Orlando, Fla., and Austin, Texas.

Source: Christian Science Monitor, Ron Scherer (04/06/2009)