As the Pandemic has forced large segments of the workforce into remote work, The Concord Group has been tracking work-from-home trends in the U.S.’s top markets.
According to an analysis of the Census Bureau’s Weekly Household Pulse Survey, at the end of 2020 just over 35% of working-age adults in the U.S. were working remotely some or all of the time due to the Pandemic. In contrast, in 2019 fewer than 6% of U.S. workers stated that they worked from home.
Of the 15 largest metro areas that the Pulse Survey tracks, most are at or above this rate, with Washington, D.C. leading all metros with 54% of its working-age population working remotely. Boston (50%), Seattle (49%), San Francisco (49%) and New York (44%) round out the top five.
Not surprisingly, the markets with the highest share of work-from-home are the ones where the metro’s area employment base is more heavily concentrated in Professional Services and Information – industries where it is generally easier to work remotely.
While the elevated share of remote work is expected to decline as the COVID-19 vaccine rollout continues, we expect it to remain high relative to historic trends – impacting development, design, and investment decisions across product types.
The Concord Group and OCCOG Host the OC Housing for a Resilient Future Webinar Series starting March 24th
Join Richard Gollis at the IBSx Panel on How Multifamily Spaces are Transforming to Meet Today’s Single-Family Lifestyle on February 9th
Richard Gollis will be a Guest Panelist at the ULI San Diego Emerging Trends Panel on January 13th
Unemployment Lowest in Smallest Markets in 2020