In the last decade San Jose ranked highest across the Mid-Peninsula and Silicon Valley for number of patents
Patent activity is an indication of innovation and entrepreneurship in an economy.
January 15, 2020
- Patent activity is an indication of innovation and entrepreneurship in an economy. Patent registration reflects the generation of new ideas, as well as the ability for businesses to capitalize on these ideas and grow, thereby generating economic activity.
- When analyzing 28 cities across both the Mid-Peninsula and Silicon Valley markets, San Jose ranked the highest for the number of patents issued according to the place of residence of the inventor between 2010 and 2019. A total of 76,138 patents in San Jose represents 18% of all patents in the state within the same time period. Sunnyvale ranked the second highest with almost half as many patents at 40,085.
- 48,260 patents were issued in San Francisco, just above Sunnyvale. Oakland was much lower with 8,166 patents.
- It is clear that there is significant innovation occurring between San Francisco and Fremont. Given the large number of inventors residing in the Silicon Valley, these cities will likely remain prime locations for both residential and commercial real estate for years to come.
Source: JLL Research