Tucson in Top 10 Cities Positioned for Coronavirus Recovery
Last month, Forbes Magazine released an article naming Tucson as one of the Top 10 Cities Best Positioned for recovery from Coronavirus.
“The most dynamic recoveries may well bypass traditional powerhouses and take place instead in areas that either were or were poised to lead the way in 2020 before everything changed,” said Adam Kamins, author of the report.
Top 10 cities had several things in common such as: being small college towns, fast-growing tech hubs (especially in the West and South) and were fast-growing cities pre-coronavirus. Despite being more densely populated, Washington DC made the list due to it’s highly educated workforce and even its architecture will pay off. The longstanding height limit on buildings might possibly leave it in better shape than the rest of the region.
In analyzing the cities, Moody’s Analytics looked at population density and plotted it against two measures of workforce quality, both using educational attainment. In the first comparison, Moody’s used data to compare population density against the share of jobs that require either a college or graduate degree. “Those economies that can provide high-paying jobs to would-be city residents are especially well positioned,” writes Kamins.
Top 10: Cities Best-Positioned to Recover From Coronavirus
(Note: These are alphabetically sorted—not listed in order)
- Boise, Idaho
- Denver, Colorado
- Durham, North Carolina
- Madison, Wisconsin
- Provo, Utah
- Raleigh, North Carolina
- Salt Lake City, Utah
- San Jose, California
- Tucson, Arizona
- Washington DC
Bottom 10: Cities Worst-Positioned to Recover From Coronavirus
- Detroit, Michigan
- Honolulu, Hawaii
- Los Angeles, California
- McAllen, Texas
- Miami, Florida
- New Haven, Connecticut
- New York City
- Philadelphia, Pennsylvania
- Stockton, California
- Tampa, Florida
Tucson’s population growth rate in 2020 is 1.13% (population: 982,000) and in 2019 was 1.15% (population: 971,000) according to www.macrotrends.com
With the population expected to increase in the coming years, the demand for commercial real estate will increase as well, especially properties that make workplace health and safety a priority.