Bay Area Exodus Fueled by Region’s Affordability Crisis
The U.S. Census Bureau reports that more people are leaving the Bay Area than are relocating from other states. The five-county Bay Area lost a net total of nearly 35,400 people between 2013-17, not counting births and new arrivals from other countries.
The Bay Area Council Economic Institute’s Jeff Bellisario told the San Jose Mercury-News, “It is a troubling sign of the affordability crisis of the region.”
Still, immigration from international locations boosted arrivals higher than departures. California’s Department of Finance reported 44,729 people immigrated from other countries to the region between July 2017 and July 2018.
Joint Venture Silicon Valley’s latest Silicon Valley Index pointed out that 30% of tech talent aged 25-44 who moved to Santa Clara County in 2017 came from outside California, including countries like India and China.
Census data showed the largest outward migration occurred in Alameda County, with nearly 13,000 more people leaving than arriving. Santa Clara County followed with nearly 8,200 departures. San Francisco experienced the lowest net losses at just 1,385 people over those five years.
Among the states where Bay Area people moved to were Texas and Oregon. A net total of more than 4,000 people moved to Texas, while more than 3,600 left for Oregon. Other states where outbound people left for included Nevada, Washington, Arizona, Idaho, Tennessee and North Carolina.
Connect Direct-to-Consumer is coming up this month at San Jose’s Santana Row. Get more information and register for the September 26th event on this link.
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.