Saturday, October 5, 2013

Saturday Stats: San Jose Draws the Greatest Influx of New Residents in the US

It looks like there is more to all the Silicon Valley traffic this year than just a larger number of people having jobs post-recession. San Jose has taken the top spot in terms of inbound moves in the nation. There were 51% more inbound moves than outbound moves in San Jose. That means that for every 100 families that move out of the city, 151 are moving in.

Second place went to Portland, which was followed by Houston in third, San Francisco in fourth, and Charlotte rounding out the top five. The five cities with the largest moving deficits were Chicago (25.9% more moving out than in), New York City, St. Louis, Boston, and Norfolk-Virginia Beach.

What does this mean? Well, our population is going to continue to grow. We're going to have to continue to look at how we can increase density and infrastructure to accommodate what could become quite a large city. Some are estimating 1.4 million San Jose residents by 2040. This also will likely mean more "big-city" amenities that would be expected of a larger city and accelerated growth of the burgeoning culture scene in San Jose.

Source: SVBJ


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7 comments:

  1. UnknownOctober 5, 2013 at 8:06 AM

    You know, there's 1,000+ acres of prime central San Jose real estate that could be developed for future growth. Just need to start planning on relocating something...
    ;)

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    Replies
    1. ToddOctober 5, 2013 at 9:05 AM

      That might make sense if we had run out land to develop, but we haven't.

      Delete
    2. UnknownOctober 5, 2013 at 10:02 AM

      Haven't yet. (Please don't throw out the words Coyote Valley..)

      Delete
    3. ToddOctober 5, 2013 at 11:06 AM

      There's plenty of room within San Jose if people would be able to redevelop. Can you imagine what Vancouver would look like if they had the kind of NIMBY reaction that San Jose seems to?

      Delete
    4. AnonymousOctober 7, 2013 at 9:26 PM

      Who would pay for that? SJ residents cry at any hint of money spent on things that they don't deem beneficial or are diverting funds from "public safety" (seemingly everything according to them).

      Delete
  2. MadJoseOctober 5, 2013 at 11:24 PM

    Smooth sailin' in Vancouver since they're more open minded, not the Mayberry minded people of San Jose. That's why there are all those residential highrises throughout the inner cities area of Dt Vancouver, and almost none in San Jose's inner cities area. It sure be awesome to have several trio of highrises right by Balbach, where a measly 4 story 100 units condo is being proposed.

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    Replies
    1. AnonymousOctober 7, 2013 at 9:23 PM

      The difference between highrise development (besides cashing in on a condo boom) in Vancouver and in SJ can be narrowed down to three things: high construction costs and height restrictions. Those two factors kill a lot of would-be projects.

      For example, the Balbach project could only go 120 Ft max given the current neighborhood restrictions.

      Delete

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