Are companies really moving back downtown?
The Washington Post is reporting that after years of corporate headquarters moving to the suburbs, the reverse is now happening.
And of course, this means that opportunities for well paid jobs become even more concentrated in an handful of big cities.
I think there is another interesting quote, somewhat buried in the article.
… Years ago, IT operations were an afterthought. Now, people with such expertise are driving top-level corporate decisions, and many of them prefer urban locales.
“It used to be the IT division was in a back office somewhere,” Emanuel said. “The IT division and software, computer and data mining, et cetera, is now next to the CEO. Otherwise, that company is gone.
Perhaps this is why the current tech bubble feels less bubbley to me.
Do you notice either of these trends?