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ManBMitt t1_ja8223x wrote

Reply to comment by ThatChildNextDoor in How long do you think it is before RVA meets the same fate of cities like Austin? by piratestears

Out of those three sectors, financial is the only one that has the potential to drive big CoL increases. IT and manufacturing aren’t particularly high-paid industries, and manufacturing plants (and the people who work there) are almost always located far outside the city limits.

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ThatChildNextDoor t1_ja83dlv wrote

We are talking about metro wide, aren't we? I have heard instances of people moving from portions of Southside Virginia to Richmond only just to work in those said industries.

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ThatChildNextDoor t1_ja83juh wrote

>IT

I said IT because it's whether if you would consider Costar an IT company or finance one.

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GMUcovidta t1_ja9a9hz wrote

Lol Costar is neither. It's a data company similar to Bloomberg or Nielsen.

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sleevieb t1_ja8go9i wrote

Commercial real estate for sure.

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Charlesinrichmond t1_ja8hzpl wrote

yes, but that's more a symptom than a cause. Though it adds to the economy

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GMUcovidta t1_ja9ajcl wrote

They sell data on commercial real estate, they don't actually invest in or sell commercial real estate.....

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