Technical Workers Sworn to the Bay Area. Now They’re Back.


Rizal Wong, a young partner at technology and business communications firm Sard Verbinnen and Company, left the Bay Area in December to find a cheaper one-bedroom studio apartment in Sacramento, close to his family, in his hometown of Sacramento, in Oakland. Studio flat sold. But he moved to San Francisco in April after getting vaccinated.

“I felt like I was back in my life,” Mr. Wong, 22, said. “Meeting coworkers who have had the vaccine and drinking after work definitely feels more normal.”

Mr. Wong, like many who left the Bay Area, did not go very far. The vast majority of the more than 170,000 people who moved from around San Francisco, Berkeley, and Oakland in 2020 relocated elsewhere in California, according to United States Postal Service change of address data. Analyzed by Coldwell Banker Richard Ellisor CBRE, a real estate company.

For example, about 20,000 people moved to the San Jose area. Another 16,000 went to Los Angeles, about 15,000 to Sacramento, and 8,000 to Stockton in the California Central Valley. More than 77,000 people who left the San Jose metro area, a proxy for Silicon Valley, went to similar places: San Francisco, Sacramento, and Los Angeles. in February, The San Francisco Chronicle reported Similar numbers using Mail Service data.

Net immigration from the San Francisco and San Jose areas — which takes into account people moving in — rose to nearly 116,000 last year, according to a CBRE analysis of Postal Service data.

Almost every year for decades, thousands of residents have left more than they have moved from Silicon Valley and San Francisco, according to state data. Often, this movement is offset by the influx of immigrants from other countries, which was limited during the pandemic.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *