Where the Youth Goes, Companies Follow
Companies are moving back to the city in response to a new generation of workers who prefer the urban environment over suburban office parks.
Some of the advantages of having an office located in the suburb are lower taxes, more parking, and cheaper rent per square footage. But to younger employees fresh out of college who are not looking to settle down, the suburban setting fosters very little social interaction and is seen as incredibly "unhip."
"Top recruits wanted somewhere they could work, live and play and meet other young people," explains Laura Vanderkam for CNN Money. For this reason, "the regional shopping mall and the McMansion, the suburban corporate headquarters campus is losing its charm."
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Published on Thursday, July 14, 2011 in
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