Job growth has started to accelerate in the suburbs, and it is coming at the expense of Philadelphia.
The suburbs emerging as the new job engine is a reversal of what has occurred during the past eight years as the economy expanded nationally and locally, writes Natalie Kostelni at bizjournals.com.
There’s now a larger labor pool and more jobs in the suburbs as well as signs that scientific and research companies are growing more rapidly in the suburbs than in the city.
“The life science industry has really accelerated in the suburbs over the last three years and we’re seeing that in the number of companies looking for space as well,” said said Ian Anderson, director of research at CBRE, who wrote the recent study called “Your Next Job Will Probably Be In The Suburbs.”
To read the full article, click here.