We already have clusters of like-minded businesses, but most of them are just tech, following the lead of Silicon Valley.

The trend recently is for smaller cities to get more start-ups, due to lower costs and perhaps local government incentives.

COVID-19 will mean less business travel, because of the prolonged nature of the pandemic forcing us to get used to connecting remotely.

At the same time, people are using Uber/bikes/scooters more than ever before, but not to the other end of a city.

We will still want face-to-face meetings, we just won’t put as much effort into the travel as we used to.

Prediction: like-minded industries, and subsets of those industries, will over the next 10 years congregate in suburbs of specific cities. Imagine half of a country’s FinTech businesses not only being in the same city, but the same suburb.

• Easier to change who you work for – interviews, no need to move home, already socialise with them
• Socialising (or living) with people in your industry
• Industry-specific co-working spaces
• Scale efficiency for supporting businesses
• Industry-specific training and schools