Executives say they’re not worried about a California-style exodus taking place here, at least not yet.
Tech companies are heading for the exits in California. Wall Street tycoons are packing their bags to catch some Florida sunshine.
So, a big question looms for Boston’s business community: Will we be next?
The most common answer you’ll hear: So far, no.
But troubling signs abound for Greater Boston’s competitiveness amid the remote-work trend spawned by the COVID-19 pandemic.
More than 4 million square feet of office space in Boston has hit the market as employers rethink their needs for a post-pandemic reality. Vacant storefronts grow by the day downtown, with only one out of 10 people regularly commuting to the high-rises there. Jobs in the state fell 9.1 percent in the past year, the fourth-largest decline in the country. And more than one-fourth of companies surveyed by the Massachusetts Competitive Partnership said they are considering moving jobs or offices out of state.
Read the rest at Bostonglobe.com