US | The big West Coast tech metros will continue to thrive
Many Pacific, South West & Mountain area metros suffered minimal losses in 2020. We expect them to see healthy growth over the next five years. The big three tech metros—San Francisco, San Jose, and Seattle—all look strong.
What you will learn from this report:
- Many Pacific, South West & Mountain area metros suffered minimal losses in 2020 and we expect them to see healthy growth over the next five years.
- Much of the growth through 2019 was concentrated in the big three tech metros—San Francisco, San Jose, and Seattle—where the information sector contributed 44% of total GDP growth.
- The characteristics of the cities that saw the highest growth vary somewhat. Many have a burgeoning tech sector and a large university feeding the workforce. But there are numerous exceptions.
Most US metros to see slower growth in 2024
Most metros have had steady GDP and job growth in 2023 but will start to see quarterly declines in Q4 or Q1 2024. All of the top 50 metros are forecast to see a slowdown in GDP growth in 2024, driven by lower finance and real estate GDP more than by other sectors.Find Out More
Why the real yield on private wealth will keep falling globally
Despite the importance of returns on private wealth for long-term investors – be they households, asset managers, or pension funds – the fact that real yields have been on a downward trend across the world for decades seems to have escaped attention.Find Out More