Beacon Economics
California’s Share of U.S. Export Trade Slips to 8% as Real Shipment Value Falls
California shipped $16.735 billion in merchandise abroad in May while the rest of the country surged ahead, dropping the state’s share of national...
AI Boom Set to Drive Silicon Valley Apartment Vacancy to Decade Low as Rents Near $3,600
A surge of artificial intelligence investment is tightening Silicon Valley’s apartment market faster than developers can respond, with CoStar projecting vacancy will fall...
California Exports Climb 7.7% in April, But Gains Reflect Pre-War Orders, Beacon Economics Says
California’s merchandise exports posted a solid year-over-year gain in April even as the state ceded ground to Texas on both sides of the...
AI Capital Pulls Silicon Valley Office Market Off the Floor as Nvidia, Apple Spend Billions and Vacancy Drops to 15.3%
A surge of artificial-intelligence venture capital is reviving Silicon Valley’s battered office market, with Nvidia and Apple spending billions on acquisitions and South...
South Bay Wages Hit $198,798 as Apartment Demand Surges and Housing Shortage Squeezes Santa Clara County
Santa Clara County’s economy is expanding even as its job market contracts, a divergence that is keeping wages high, apartment demand red-hot and...
California Exports Climb 4.2% in March as Persian Gulf War Rattles Trade Outlook
The state’s first-quarter export gains mask deeper turbulence as fuel costs surge, Gulf shipments collapse, and California’s share of national export trade slips...
California’s Tech Boom Masks a Shrinking Job Market, Beacon Economics Warns
The Information sector now drives more than 12 percent of state GDP, but hyper-productive Tech companies are generating wealth without generating employment—leaving California...
Anatomage Affiliate Pays $27.8MM for 151,400 SQFT Former Cisco Office Building in North San Jose
The Santa Clara-based medical visualization technology firm’s purchase from South Bay Development marks the second trade in roughly two months for the Zanker...
Economist Warns East Bay Is Squandering a ‘Golden Opportunity’ as Region Stalls on Housing and Growth
Dr. Chris Thornberg of Beacon Economics says the East Bay’s wealth and natural assets are being held back by regulatory paralysis and misplaced...
California’s Export Growth Stalls as EV Industry Collapses and Trade Share Shrinks
State’s merchandise exports rise just 2 percent while national exports surge 14.7 percent, as electric vehicle shipments plummet 74 percent from prior year...
Westbank Pivots From Offices to 768 Housing Units in San Jose’s Downtown Core
Westbank’s latest residential project signals broader shift in Bay Area real estate strategy A pair of high-rise residential towers has won approval from...
California Export Trade Contracts 2.4% as State’s National Share Drops to 8.4%
Computer and electronics surge 15.9 percent while most major categories decline in September data delayed by Federal shutdown California’s position as an export...
