Many urban centers have seen residents move out in large numbers since the start of stay-at-home orders in March, but the shift has been especially dramatic for San Francisco, a city that was already experiencing rapid change because of the tech industry, NBC News reports.
Software engineers, CEOs and venture capitalists have chosen to jump from the Bay Area to places such as Denver, Miami and Austin, Texas, citing housing costs, California's relatively high income tax and the Bay Area's general resistance to rapid growth and change.
The scale of the departures is visible in vacant high-end apartments, moth-balled offices and quieter streets in neighborhoods popular with tech workers. And while no one is exactly celebrating, especially as COVID-19 has devastated the incomes of many people, some residents were ready to take a break from the rich.
U.S. & World
"The gentrification pressure has been at least momentarily relieved," said John Elberling, executive director of Todco, an affordable housing nonprofit that operates in the South of Market neighborhood alongside the shuttered headquarters of countless tech companies and startups.
Read the full story on NBCNews.com