Monday, February 3, 2014

San Jose Makes Global Momentum Index!

Commercial real estate services company Jones Lang LaSalle has identified cities around the world that have the combination of strong socio-economic and commercial real estate momentum, as well as longer-term foundations for success. The company has created the "City Momentum Index" where San Jose ranks quite well and is sitting shoulder to shoulder with great international cities. At 9th place on the list, San Jose is nestled between Hong Kong (8th) and Singapore (10th). New York comes in at #6 while San Francisco commanded the top spot. LA is 15th on the list, Boston is 17th, and Seattle is 18th.

The factors in the index include economic output, population, Fortune 2000 HQs, foreign direct investment, commercial real estate construction/absorption/prices, higher education infrastructure, technology/venture capital, and innovation capability.

You never in a million years would have found San Jose on a list like this a couple of decades ago--we've really come a long way. Looking forward to seeing where all this momentum will take us.

You can access the full article over here. Hat tip to Todd Horvitz for sending this in.


6 comments:

  1. Note Austin. Sad prediction - they're going to take our spot as tenth biggest city by the next census. Check out their pop growth rate versus ours:

    http://en.m.wikipedia.org/wiki/List_of_United_States_cities_by_population

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    1. There is no way that will happen by 2020... with a 3% growth rate advantage it would take another 30 years if not more.

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    2. Okay, I did the math. Unfortunately population growth is exponential (P = Pinit * e^rt). At the current annual growth rates from Wikipedia it'll take 11.5 years. A lot can happen in that long, hopefully Austin growth will level out more than we do.

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  2. Well, posts dated earlier are clearly about San José, CA, the surrounding area, and their respective plans and development. Fine, I guess, if that's part of the quality of life, etc. As per today's (2/3/14) claim putting "San José" into a "top 20," are we sure it's SJ, CA and not SJ, Costa Rica? I suppose we're to assume it's the former; the pat-ourselves-on-the-back article never bothers to clarify it.

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    Replies
    1. I downloaded the full report and it is indeed San Jose, CA.

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  3. Come on now.. it didn't say "Precipitation-rich" cities, did it?

    "Technology-rich cities that took early advantage of technology trends and provide fertile environments for innovation
    o San Francisco (1), Austin (7), San Jose (9), Boston (17) and Seattle (18)"

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