Planning Commission to Review San Leandro’s Economic Outlook

By SLNext
In Uncategorized
Feb 17th, 2015
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2035logo1As part of the ongoing General Plan update, the Planning Commission will receive an update on the local economy on Thursday, February 19 at 7 p.m. The meeting will be held at City Hall (835 East 14th Street) in the City Council Chambers and the public is encouraged to attend.

The analysis will be presented by Strategic Economics, one of the consultants working on the General Plan. In general, the analysis will reinforce our understanding of San Leandro as a diversified economy that is a  hub for industrial jobs and strong importer of regional sales activity.

Some of the additional findings include the following:

  • San Leandro’s large inventory of flexible manufacturing and warehouse space is a key competitive advantage. Demand is high for San Leandro’s industrial building stock, and 52% of the city’s jobs are located within predominantly industrial districts covering approximately a quarter of the city.
  • Potential exists to establish San Leandro as an office destination. Office-based employment currently comprises a small share of citywide employment and historically San Leandro was a secondary office market focused primarily on household-serving needs (such as financial services and insurance). However, efforts to expand the office inventory and serve technology businesses will provide an opportunity for long-term growth.
  • San Leandro’s retail sales at major centers are successfully recovering from the recession, and the city continues to capture high sales per capita despite increasing competition from shopping destinations in surrounding communities.

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