Snapshots

Diverse market fundamentals boost the San Diego economy

San Diego’s diverse talent and educational system is the main contributor to local economy growth since the Great Recession.

May 08, 2019
  • San Diego’s diverse talent and educational system is the main contributor to local economy growth since the Great Recession. Universities and local incubators have played a key role in the rapid expansion of high-skilled industries such as defense, technology, healthcare, and life sciences companies. Combined, these industries have totaled 51 percent of the office market’s leasing activity over the last 12 months. 
  • More startups are launching due to accelerators and incubators, and venture capital funding reached a record high in 2018, causing employment opportunities to escalate. San Diego recently has seen a tech boom; since 2014 high-tech establishments have grown the number of employees by 15.6%, being a crucial impact to the growth in the innovation sector. 
  • With an increasing number of STEM graduates annually and high percent of Millennials, San Diego is becoming smarter and younger, luring companies to expand and recruit high skilled talent.

    Source: JLL Research,  NCES, BLS, U.S. News, SDBJ

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