San Francisco Residents Are Leaving at an Unprecedented Rate: New Data From Relocation Website moveBuddha.com
90% of move requests involving the San Francisco-Bay Area have been for outbound relocations according to search data from moveBuddha.com's online Moving Cost Calculator tool. A slow down in VC funding and mass startup layoffs have almost no one looking to move into the region and an abnormally high number of Bay Area residents looking to leave.
ATHENS, GA, May 5, 2020 (Newswire.com) - moveBuddha.com, a moving company booking website, just released new data from their online Moving Cost Calculator. Out of roughly 1,200 moving searches involving the San Francisco-Bay Area, almost 90% have been for move requests of people looking to leave the region. Among Bay Area residents, Los Angeles and Austin were the two most popular destinations.
Ryan Carrigan, co-founder and CEO of moveBuddha.com, said, "To put this into perspective, during the same period last year, only 57% of relocation searches involving the San Francisco-Bay Area were outbound. This year, 90% are outbound. There is almost no one looking to move into the city and a lot of people looking to leave."
Carrigan continued, "the slow down in VC funding, as well as massive layoffs at startups and tech companies, are likely the primary factors driving this sharp shift in net migration patterns."
The report looked at search data for all relocation requests involving the San Francisco-Bay Area (Alameda, Contra Costa, Marin, Napa, San Mateo, Santa Clara, Solano, Sonoma, and San Francisco counties). The past 6 weeks of search data were compared to the same period of time last year. The data is based on website users' searches, not actual moves taking place at this time.
A full write up including data on the most popular outbound city destinations can be found at this link: https://www.movebuddha.com/blog/sf-outbound-surge-2020
About moveBuddha.com
moveBuddha.com is one of the largest moving company booking websites in the United States. The company was founded in 2015 and is best known for its Moving Cost Calculator online quoting tool and its Should I Move For Work? decision tool.
For any and all questions, please don’t hesitate to reach out to Ryan Carrigan (full contact info below).
Media Contact:
Ryan Carrigan
co-founder/CEO
735 Nantahala Ave
Athens, GA 30601
https://www.movebuddha.com
706-309-1314
[email protected]
Source: moveBuddha.com
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Tags: bay area, coronavirus, covid-19, migration, moving company, real estate, relocation, san francisco, silicon valley
