Moving to the Suburbs
“This is one of the greatest moves to the suburbs from urban areas since the 1950s or the ’60s,” Herjavec said on CNBC’s “Squawk Alley.”
Herjavec, CEO and founder of cybersecurity firm Herjavec Group, said he feels that the changes in geographic preference will persist beyond just the height of the Covid-19 outbreak, predicting it will “be a trend for a while.”
“Everybody wants to leave large urban communities and move out into the suburbs,” said Herjavec, who also owns stakes in many small and medium-size businesses. “And I think urban real estate is going to hurt for a little bit.”
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