Adapting to Agility: Leveraging a “Hub and Spoke” Model
12 Oct 2021
News
As businesses navigate a new world following the global pandemic, most will need to adapt to a more agile workplace. An overarching result of the pandemic was the population diffusion of city centers. As COVID cases continue to affect our society, a return to downtown metro areas has been slow and methodical. This shift is leading many companies to reconsider and evaluate the hub and spoke model across their business footprint.
The “Hub and Spoke” Model
As population shifts away from major “hub” markets, businesses and real estate developers are reimagining how to help people work. A hub and spoke model of centralized offices (hubs) downtown and satellite offices (spokes) in the surrounding areas is not a new concept. What’s changed is the demand for “spoke” offices and the definition of what a “spoke” can be.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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Low Cost of Living
Open Spaces