As interim CEO of The Howard Hughes Corp., David O'Reilly has a front-row seat for the migration of both people and corporations during the COVID-19 pandemic. Howard Hughes has a portfolio of master-planned cities and communities throughout the country, including Columbia, Md., The Woodlands in Houston and Summerlin in Las Vegas.
O'Reilly is among many in real estate who say we're in the middle of a migration of not just people but also corporations.
"You've seen a migration from a lot of dense urban environments and states that have higher taxes and are less business friendly," O'Reilly says. "We're working with a lot of those companies. We're always seeing residential inflow from those states and from those cities."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
