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People leave some of the higher density cities and actually move to what we call the sunbelt cities, places like austin, dallas, miami and phoenix, in search of a lower cost of living and better weather. what is really interesting is since then, two things, first of all, people have stayed in those sunbelt cities. you can see things like high frequency data such as restaurant bookings remain above pre pandemic in those lovely cities. but also, interestingly, people are returning to high density cities. so, for example, residential rents in new york are back above pre pandemic levels and we ve got residential rents rising in other global cities, london, singapore, berlin, sydney and milan. this is very much showing that people are staying in cities. that brings us to how we work which is probably the biggest single change out of the pandemic. hybrid working, probably here to stay, and what it means for cities in an era of hybrid ....
And better weather. what is really interesting is since then, two things, first of all, people have stayed in those sunbelt cities. you can see things like high frequency data such as restaurant bookings remain above pre pandemic in those lovely cities. but also, interestingly, people are returning to high density cities. so, for example, residential rents in new york are back above pre pandemic levels and we ve got residential rents rising in other global cities, london, singapore, berlin, sydney and milan. this is very much showing that people are staying in cities. that brings us to how we work which is probably the biggest single change out of the pandemic. hybrid working, probably here to stay, and what it means for cities in an era of hybrid working is the footprint of cities actually gets bigger. if you only have to go to the office one, two, ....
Look, the pandemic changed how we work, how we live and how we shop, so let s just start with shopping. e commerce was a huge lifeline for many of us during the pandemic but increasingly, people want to go back to shops, so a recent survey of 20,000 global consumers showed seven out of ten want to view product in shops. a bit more in the us, a bit less in asia pacific where they are willing to shop online. in terms of living, one of the biggest changes we saw was actually in the us. between march 2020 and february 2021 during the pandemic, we saw close to 3 million people leave some of the higher density cities and actually move to what we call the sunbelt cities, places like austin, dallas, miami and phoenix, in search of a lower cost of living and better weather. what is really interesting is since then, two things, first of all, people have stayed in those sunbelt cities. you can see things like high frequency data such as restaurant bookings remain above pre pandemic in those lovel ....
And better weather. what is really interesting is since then, two things, first of all, people have stayed in those sunbelt cities. you can see things like high frequency data such as restaurant bookings remain above pre pandemic in those lovely cities. but also, interestingly, people are returning to high density cities. so for example, residential rents in new york are back above pre pandemic levels and we ve got residential rents rising in other global cities, london, singapore, berlin, sydney and milan. this is very much showing that people are staying in cities. that brings us to how we work which is probably the biggest single change out of the pandemic. hybrid working, probably here to stay and what it means for cities in an era of hybrid working is the footprint of cities actually gets bigger. if you only have to go to the office one, two, three days a week, you might choose to live much further out and then commute in. ....
And better weather. what is really interesting is since then, two things, first of all, people have stayed in those sunbelt cities. you can see things like high frequency data such as restaurant bookings remain above pre pandemic in those lovely cities. but also, interestingly, people are returning to high density cities. being backfilled by other places. so for example, residential rents in new york are back above pre pandemic levels and we ve got residential rents rising in other global cities, london, singapore, berlin, sydney and milan. so, this is very much showing that people are staying in cities. that brings us to how we work which is probably the biggest single change out of the pandemic. hybrid working, probably here to stay and what it means for cities in an era of hybrid working is the footprint of cities actually gets bigger. if you only have to go to the office one, two, three days a week, ....