Construction cranes pierce the sky all over San Francisco and the growth of tech companies in Silicon Valley and throughout the Bay Area are supporting a healthy construction scene that’s cooled a little bit since last year but is still the envy of many other metros. Apple’s new headquarters is one of the biggest projects underway, but Google has a new campus on the drawing boards that could be the next showcase project in the country. Demand for condos and apartments in downtown San Francisco remains strong despite astronomical rent prices, and the San Francisco-Oakland-Fremont MSA has pulled 5,242 building permits YTD, a 75% increase over the same period last year. Down the coast, Los Angeles’ showcase project underway is the 72-story Wilshire Grand tower, which will be tallest building in the city. Seattle’s downtown has all sorts of projects underway and on the drawing boards and by many measures is one of the fastest-growing cities in the nation.
PACIFIC REGION SALES AND GDP GROWTH DATA
EMPLOYMENT DATA FOR THE PACIFIC REGION
You can use the employment data below to calculate sales potential for key customer groups by region, state and Metropolitan Statistical Area (MSA) by using this data and Electrical Wholesaling's 2015 Sales Multipliers. To get these multipliers and to learn how to use them, click here to get to Electrical Wholesaling 2015 Market Planning Guide. Just scroll down and search for "multipliers."
