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Evaluating the Effect of Roadside Parking on a Dual-Direction Urban Street
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Teleworking and housing demand.

Rainer Schulz1, Verity Watson2, Martin Wersing1

  • 1University of Aberdeen Business School, Edward Wright Building, Aberdeen, AB24 3QY, United Kingdom.

Regional Science and Urban Economics
|June 21, 2023
PubMed
Summary
This summary is machine-generated.

The COVID-19 pandemic increased teleworking, leading new remote workers to seek homes with quality office space. These individuals show a higher intention to move, valuing home offices and suburban locations.

Keywords:
Hurdle modelSemiparametric choice modelTeleworkingWorking from home

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Area of Science:

  • Urban Planning
  • Sociology
  • Real Estate Studies

Background:

  • The COVID-19 pandemic significantly accelerated the adoption of teleworking globally.
  • Pre-pandemic trends suggested a potential shift in housing demand towards suburban areas and homes suitable for office space.
  • Understanding the impact of sustained teleworking on housing preferences is crucial for urban and housing market analysis.

Purpose of the Study:

  • To investigate the housing preferences and intentions of the working-age population in response to increased teleworking.
  • To assess whether predictions of shifts in housing demand to suburbs and homes with office space are materializing.
  • To identify characteristics of teleworkers influencing their housing choices.

Main Methods:

  • A survey was conducted among the working-age population residing in the private housing sector.
  • Data collected focused on current housing satisfaction, teleworking status, future teleworking intentions, and housing preferences.
  • Statistical analysis was used to compare the intentions and preferences of new teleworkers with the general population.

Main Results:

  • The majority of residents are satisfied with their current homes.
  • One-fifth of the population are new teleworkers intending to continue remote work.
  • These new teleworkers exhibit a higher intention to move compared to non-teleworkers.
  • New teleworkers place a higher value on high-quality home office space.
  • They are willing to relocate further from urban centers to secure suitable home office environments.

Conclusions:

  • Sustained teleworking is a significant driver of housing demand shifts.
  • New teleworkers are actively seeking housing solutions that accommodate remote work, prioritizing home office quality.
  • The findings support predictions of increased demand for suburban or peripheral housing among remote workers.