Business Returns to Cities

Posted by Bridget Marquis on May 04, 2010

As we've tracked the trend of talent migrating to cities for the past five years, companies are following suit as is pointed out in an article in this month's Harvard Business Review. With firms such as United, Quicken and Walgreens relocating their staff to downtown locations in order to attract and retain the best talent, the article notes that "these companies are getting a jump on a major cultural and demographic shift away from suburban sprawl. The change is imminent, and businesses that don’t understand and plan for it may suffer in the long run."

As Mayor Richard M. Daley said at our Strategy Session in New York: "If you have the talent, the companies will follow."  We couldn't agree more.