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San Diego County, the second most populous
of California's 58 counties, ranks 17th in population of all metropolitan
areas in the U.S., and is predicted to reach 3.0 million during 2003
with an addition of 60,000 residents. |
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Home to four Fortune 500 Companies including Qualcomm,
Sempra Energy, Gateway, and SAIC, San Diego is forecasted
to increase payroll employment by 35,000 to 1,243,300 total jobs.
San Diego retail sales reached $26.3 Billion, a record high, in 2002 and are forecasted to rise by another Billion to $27.3 Billion in 2003. |
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The Gaslamp District, made up
of sixteen and a half blocks, is located just minutes from all venues
of transportation including an international airport, a railroad system,
bus and trolley system, and a major freeway system. |
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Known for its multitude of restaurants, coffeehouses,
bars, live music venues, nightclubs, and a movie theatre, the Gaslamp
Quarter provides San Diego with the best of work and play
marking itself as a business friendly region with a strong economy
and a diverse and well-educated workforce. |
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The Gaslamp Quarter is within walking distance
of the San Diego Convention Center and the new San Diego Padres
Ball Park as well as the Central Business District. |
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San Diego’s gross regional product (GRP)
is forecast to reach $133.57 Billion in 2003, an increase of 5.9% over
the estimated $126.15 Billion in 2002. Adjusted for inflation, the
“real” increase will be 3.3%. |
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With a projected increase of population in 2001,
approximately 20,000 units are needed to house the additional residents,
but only 15,500 new housing units are forecast to be added in 2001,
falling far short of demand. |
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The Chamber’s survey of existing, detached
housing found the average price of a single-family home in San Diego
was $402,200 during 2002. Prices are forecast to further increase
in 2003 by 7.5% to an average of $432,150. |
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