The pandemic-fueled shift to remote work was key to “expanding the valuation and cultural status” of companies like Zoom, the report observed. The San Francisco Bay Area claimed the number one position on the list with 4.8% growth in 2022, driven by technology, innovation, and startup growth. The top five metro areas on that list boast two cities in Texas, a state that has boomed in the remote work era, and the top 10 include two North Carolina cities. Although the report didn’t say so explicitly, the impact of remote work was all over the findings. It looked at data from employment rates, skills and wage levels, industry growth potential, and more to forecast the economic growth for the largest economically connected metropolitan areas in the U.S. The report measured real-time growth in gross domestic product for the year till August 2022. Some local economies are growing faster than others due to a mix of microeconomic and business factors, the Kenan report says, as it ultimately points to how and where Americans are choosing to live and work. The new study from the Kenan Institute suggests that downtown San Francisco had to die so its surrounding metro area could thrive. “The fact that, until mid-2022, most of the city’s vacant space is on the sublease market, and still generating rent for the building owners, is an indication of the lag between a downturn in office demand, and a downturn in property tax,” the San Francisco Controller’s Office wrote in a memorandum the same month. Since then, data on which downtown facilities were actually being used by workers, provided by Kastle Systems, has consistently shown that San Francisco lags behind other major cities in return-to-work progress.Īnd just last month, San Francisco Mayor London Breed said that remote work had become a permanent fixture in many people’s lives, and would likely cause a “ major hit” to the city’s budget as commercial property values plummet. Louis metro area.By the end of 2020, an estimated 45% jobs, or 1.79 million in total, were eligible for remote work in the Bay Area, according to the Bay Area Council Economic Institute. General Missouri and Illinois topics are also allowed as they can affect the St. Louis - Please keep posts relevant to the people, places, and things in and about the St. In order to ensure that submissions about missing people are of actual missing people and not hoaxes, we require that submissions about missing people are from a trustworthy source.Ī 'trustworthy source' can be a news website, law enforcement website, missing person charity or organisation (eg: ) and in rare occasions, social networking websites (eg, a police department's Facebook page). Missing Person(s) Posts - All submissions must be verifiable: When a comment falls into a gray area, moderators will do their best to make consistent judgment calls. Users who violate this rule will be permanently banned from the sub.Ĭonstructive conversations about race are allowed, though it's understandable that these conversations can get heated. No Racism, Bigotry, or Baiting - There is zero tolerance for racial slurs, baiting, and bigotry. If you are asking for donations to an organization or charity you must message the mods with proof of legitimacy before posting. ![]() There are too many scams associated with this. No Begging or Donation Posts - Anyone attempting to ask for money will be banned permanently. No over-sensationalized headlines - Please avoid personal opinion in the headline, feel free to post your opinion in comments though. This includes job listings, which go to /r/stljobs. No 'For Sale' Posts - Please direct all 'For Sale' (or 'Want to Buy') posts to /r/StLouisMarketplace. No Personal Attacks or Harassment - Do not direct insults or attacks at another user, you will be banned. The only thing we are more passionate about than race relations, is the classification of provel as a cheese. Welcome to /r/StLouis, a subreddit for the Greater St.
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