COVID-19 Accelerates Population Migration Trends in the U.S.

Over the past year, the pandemic has accelerated the ongoing trend of population migration from gateway cities to growing primary and secondary markets. Driven by lower costs of living and the increased adoption of remote work, many Americans left large metroplitan areas and migrated toward mid-sized cities. Corporations have mirrored this trend and have begun moving operations to primary and secondary markets due to lower labor costs and more favorable business environments.