Saturday Stats: San Jose has momentum

JLL released a report earlier this year stating that the San Jose metro has the strongest "momentum" in the country when it comes to the economy and commercial real estate. Momentum is comprised of 42 factors grouped into three categories--socioeconomic momentum, commercial real estate, and the region's ability to maintain momentum over the long term. Here is a deeper breakdown:

• Socioeconomic momentum
• Gross Domestic Product
• Population
• Corporate HQs
• Foreign direct investment
• Commercial real estate
• Commercial space absorption
• Construction
• Rents
• Investment in office, retail, and hotels
• Region's ability to maintain momentum over the long term

After everything was computed, the San Jose metro was by far the leader in the report. Austin came in second and San Francisco did not even place in the top 10 (it was #21).

Source: SVBJ