Economic Update

According to the latest figures from the San Francisco Center for Economic DevelopmentSan Francisco continues to have one of the strongest real estate markets in the U.S.  In spite of a modest first quarter, office building sales are projected to improve over the course of 2014 as investors look to capitalize on increasing values. San Francisco’s job growth is also doing well, with the city ranking second behind Riverside, California in job growth from 2012 to 2013 by the Bureau of Labor Statistics. While the U.S. job growth rate remains at 1.7 percent the San Francisco job growth reached 3.9 percent. State figures indicate that San Francisco experienced 57 percent growth in tech jobs between 2010 and 2013, beating Silicon Valley in tech job growth. 73 percent of those surveyed believe that technology companies are good for San Francisco, and 60 percent feel that technology workers are good for San Francisco. Read more.