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Updated over 6 years ago on . Most recent reply

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Jason Malabute
  • Accountant
  • Los Angeles, CA
683
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time people commute to work

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

I am trying to determine the "economic anchor" of my market. An economic anchor is something that supports the local economy and is not going anywhere even during an economic downturn.

Question: Hypothetically speaking, if the average commute to work of residents who live in a desired market is 25 minutes and a major university or hospital is 23 minutes away, but is located in the next town over... can the hospital or university still be considered an economic anchor?

Thank you,

Jason

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