The ultra-wealthy and fresh-faced graduates have one thing in common: After moving to the suburbs and on the coast for better work-life balance during the pandemic, they’re now flocking back to the city.
“We see wealthy people have been buying back into cities because they miss them—they miss the action,” The Corcoran Group CEO Pamela Liebman told Fortune, adding that “young people who also relocated have come back” to New York City. The obvious conclusion is that their employers have told them to.
