Residential Forsyth County GA real estate doesn’t necessarily move in tandem with its cousin, commercial real estate. When times are good, they may both benefit from the favorable zeitgeist, but they generally move in response to differing sub currents. In one increasingly publicized development, they are likely to move in contrary directions. The development in question is the price of gasoline.
U.S. real estate has already registered a shift in residential real estate preferences. The sudden rise in telecommuting brought on by mandated health strictures resulted in more employees discovering that home office work was to their liking—and worth exploring expansion of their residential space. Some employers benefitted from the reduction in office operating expenses and encouraged the trend making properties with space for a dedicated home office top sellers.
Although some of that initial enthusiasm has since faded where productivity issues suffered, remote work availability has become a fact of modern business life. According to Forbes.com, remote opportunities for all high-paying jobs “has leaped from under 4% before the pandemic…to more than 15% today.”
Underlying it all, office-weary workers have long had a common complaint. According to the Wall Street Journal, “it’s not so much the office that workers are trying to avoid. It’s the commute.” Rotman School of Management Professor Richard Florida cites an accepted conclusion: “Economists and psychologists have long said that a long commute is the most immiserating condition of daily life.”
And now enters a new, impossible-to-ignore factor: transportation costs. As the price of gasoline rose above the $5/gal mark, the real-world effect on the workability of long commutes became a practical question. For Forsyth County GA residential real estate, the desirability of home office space stands to increase as a result, even as the nationwide demand for commercial office space stalls.
By closely monitoring our Forsyth County GA real estate marketplace, I’m able to monitor trends and provide accurate input on how the latest changes stand to affect my clients and their properties. Call me anytime!
Please feel free to call or text me at 404 710 0204 (or drop me an email) if I can provide you with more information about this article, or if I can assist you with buying or selling Forsyth County real estate.
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.
I specialize in Real Estate sales in the following Forsyth County and North Fulton County cities: Cumming, Suwanee, Alpharetta, Milton and Johns Creek. Other north metro-Atlanta suburbs are serviced by request, so please call.
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