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Why Corporate America is Leaving the Suburbs for the City
For decades, many of the nation’s biggest companies staked their futures far from the fraying downtowns of aging East Coast and Midwestern cities. One after another, they decamped for sprawling campuses in the suburbs and exurbs. Now, corporate America is moving in the other direction.
Key findings
Corporate headquarters are relocating from the suburbs into urban downtowns.
Relocation is often accompanied by downsizing the laborforce.
Staff can be geographically spread out, with different departments operating out of different locations.
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