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San Francisco Multifamily Market Update
Last modified on April 12th, 2021
Is it an exaggeration to say that San Francisco is the greatest hub of technological invention and innovation the world has ever known?
Take a look at the Milken Institute’s Best Performing Cities 2020 Report. Looking back at the year 2019, the San Francisco-Redwood City-South San Francisco Metropolitan Statistical Area took the top spot:
The region’s wage income growth in the five-year benchmark and the recent period exhibit exceptional strength (ranked second among large MSAs). Besides the region’s robust growth in job creation and income, it also commands the highest rank of five-year high-tech GDP growth among large metropolitan areas in the nation. More importantly, the high-tech content as a share of the regional economy is increasing.