AFIRE Podcast #19: Migration After COVID-19

(Featuring Gleb Nechayev, Head of Research, Chief Economist, Berkshire Residential Investments)

Do people follow jobs, or is it the other way around? The answer depends on where we are in a business cycle.

During recessions, people tend to move towards markets where employment prospects are better, and as recoveries take hold, businesses usually expand into areas where people want to live. As the COVID-19 virus spreads around the world, it introduces a whole new dimension to the question: do people follow jobs, or do jobs follow people? Today, the answer is as much about public health as it is about the interplay of economics and demographics.

In this episode, Gleb Nechayev, Head of Research and Chief Economist of Berkshire Residential Investments, looks at how migration during COVID-19 affects economic growth and real estate fundamentals across markets and within.

This podcast is based on the article “Why Migration Matters” from Summit Journal (Summer 2020). Read the full article here.


Gleb Nechayev leads Berkshire’s research and also serves as a member of the firm’s Investment Committee.

Gleb is a recognized economist specializing in residential real estate markets with over two decades of industry experience counseling institutional and private clients. Prior to joining Berkshire, he was Senior Managing Economist for CBRE Econometric Advisors (formerly Torto Wheaton Research) where he provided expert economic outlook in the multifamily, retail and hotel property sectors. Previously, Gleb held research positions with Lend Lease Real Estate Investments and KAI Technologies.

Gleb holds a Master in City Planning degree from the Massachusetts Institute of Technology and is a graduate of the National Economic University of Kyiv, Ukraine. He is a member of the Counselors of Real Estate, the Urban Land Institute, the National Multifamily Housing Council, and the National Association of Business Economists.




The publisher of AFIRE Podcasts is not engaged in providing tax, accounting, or legal advice through this publication. No content published in the AFIRE Podcast is to be construed as a recommendation to buy or sell any asset. Some information included in the AFIRE Podcast has been obtained from third-party sources considered to be reliable, though the publisher is not responsible for guaranteeing the accuracy of third-party information. The opinions expressed in the AFIRE Podcast are those of its respective contributors and sources and do not necessarily reflect those of the publisher.


Benjamin van Loon, Communications Director | +1 202 312 1405

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