The visual evidence of boom times returning to San Francisco is all around the city: Apartments are nearly impossible to find, rents and home prices are shooting up, fancy new restaurants are popping up daily, and the transit system is packed.
Now, actual data is backing it up.
Tech jobs in San Francisco have tripled since the start of 2012 — from 13,000 to 44,000 —according to new figures released by San Francisco Assessor-Recorder Phil Ting’s office. Seems that all the hiring activity, along with established companies and startups moving from the South Bay into the city proper, are really adding up when it comes to tech employment.
The top neighborhoods for tech jobs are South of Market, South Beach, and Mission Bay. The job growth is directly impacting the real estate market, pushing home values higher, according to Ting’s office.
According to a report on the figures by Bay City News published by the online newspaper SF Appeal, Ting said:
“Our city serves as a model for growing and attracting 21st Century businesses that offer good, high-wage jobs. We can look to San Francisco to set an example when it comes to technology, life sciences, biotech and also a quality of life that attracts the best and brightest workers in the world.”
It’s not an accident that San Francisco is seeing this boom. Politicians in the city, led by Mayor Ed Lee, have been actively courting techies to set up shop in the urban center, rather than in the suburbs that have historically made up “Silicon Valley.” Other cities, notably New York led by Mayor Michael Bloomberg, are looking to follow suit.
VIA-techcrunch
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