Published by FOX Business | January 5, 2021
Arrivals to the entire Bay Area dropped 31% compared to 2019
The coronavirus pandemic triggered an exodus from the country’s most densely populated areas, particularly New York City and the San Francisco Bay Area, according to a new report.
According to U-Haul, which analyzed migration trends in 2020, those once-thriving areas have seen an overwhelming demand for one-way rentals, indicating that droves of do-it-yourself movers were looking to escape to less-crowded destinations.
In looking for more space amid the ongoing pandemic, a number of Americans found themselves in neighboring states such as Connecticut or Nevada. However, others have escaped even farther to Texas, Utah, Virginia, Maryland and Florida, according to the data.
Do-it-yourself moves kicked off in April, during the height of lockdown orders. However rentals for one-way U-Haul trucks began to rise with each passing month, the company said.
From March through June, the 30 most populated U.S. cities all “witnessed more U-Haul trucks departing than arriving,” according to the report. The Bay Area and New York City were among “the most prevalent out-migration markets” during that three-month period as well as throughout 2020.
From March to December, arrivals to the entire Bay Area dropped 31% compared to 2019. At the same time, departures decreased by just 12% from their 2019 pace “to create the disparity of more trucks going out than coming in,” U-Haul reported.
The East Coast faced a similar trend with U-Haul arrivals to New York City down 35%.