Rizal Wong, a junior partner at business and technology media company Sard Verbinnen and Company, left the Bay Area in December, running a studio apartment in Oakland for a cheaper one-bedroom apartment in the country. home, Sacramento, near his family. But after getting vaccinated, he moved to San Francisco in April.
“I feel like I’m back in my life,” says Mr. Wong, 22, who has also met his vaccinated colleagues and has a drink after work, which definitely made me feel looks more normal. “
Mr. Wong, like many leaving the Bay Area, did not travel very far. Of the more than 170,000 people who moved from the San Francisco, Berkeley, and Oakland neighborhoods in 2020, the majority moved elsewhere in California, according to the U.S. Postal Service’s address change data compiled by Coldwell Banker Richard Ellis, or CBRE analysis. , a real estate company.
For example, about 20,000 people have moved to the San Jose area. Another 16,000 to Los Angeles, nearly 15,000 to Sacramento and 8,000 to Stockton, in California’s Central Valley. More than 77,000 people have left the San Jose metro area, a representative of Silicon Valley, for similar places: San Francisco, Sacramento and Los Angeles. In February, The San Francisco Chronicle reported similar numbers using Postal Service data.
According to CBRE’s analysis of Postal Service data, the rate of net migration out of the San Francisco and San Jose areas — taking into account those who moved in — was about 116,000 last year, up from about 64,000 in 2019. , according to CBRE’s analysis of Postal Service data.
Nearly every year for several decades, thousands of residents have moved in, according to state data, from Silicon Valley and San Francisco. Often, this movement is offset by the influx of immigrants from other countries, which have been limited during the pandemic.