Moving companies are Silicon Valley's new booming businesses as techies flee town to work remotely
Services are in high demand as tech workers leave the region now that they can work remotely because of COVID-19.Entire companies are ditching their offices and moving their furniture into storage as they pivot to remote-first business models.It has major consequences for the region's future — and is great news for the businesses hauling their belongings.
Their comments add to the growing pile of evidence that COVID-19 and the associated wave of remote work will radically reshape Silicon Valley, the heart of America's tech industry, for years to come — including impacting the region's sky-high residential and commercial real estate prices. Moves associated with sales of family homes are down, he said. but there has been a major uptick in moves from apartments and shared properties. "Most of them move home, from where they were ... instead of paying $2,000 for their 20-square-foot apartment downtown, they're moving back home."
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