Trump 2.0: The First 100 Days | United States

Immigration MSAs with Greatest Population Growth (2000-2024), by Source

Impact on CRE

• New York City, Washington, DC, Miami, Boston and Los Angeles would have recorded population declines without international migration over this period. • Not on the chart, but among MSAs with a population of at least 1.25 million, San Francisco, Chicago, Silicon Valley, and Milwaukee also would have recorded population declines without international migration. International migration offset population declines in a few cities including Cleveland, Detroit and Pittsburgh. • According to Burning Glass Institute, undocumented immigrants in California, Texas and Nevada account for 12.0%,

6

70%

5

60%

4

3

50%

2

40%

1

0

30%

-1

20%

-2

-3

10%

-4

10.4% and 9.9% of the population, respectively, versus 7.2% nationwide.

-5

0%

• Labor challenges associated with undocumented immigration will have localized effects, especially for certain sectors.

Other Factors* (Millions) International Migration (Millions) International Share of Total Population Change (rhs)

Source: U.S. Census Bureau. Note: Ranked by total population change from left to right.

CONTENTS

CONTENTS

Cushman & Wakefield