Could the Bay Area surpass LA CSA's GDP? (state, bigger, population)
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Latest GDP report has the LA CSA at 1.294T and the Bay Area at 1.031T. This means the Bay Area is already essentially equal to the LA MSA (LA + OC), and has been growing much more quickly, but could it pass the CSA over the next decade?
No. I don’t think so. The Bay Area has already been pretty much maxed out in terms of having the room and capacity for growth. Whereas for LA and So Cal, there are way way more room for growth.
No. I don’t think so. The Bay Area has already been pretty much maxed out in terms of having the room and capacity for growth. Whereas for LA and So Cal, there are way way more room for growth.
I agree. San Francisco has pretty much maxed out, similar to New York City. I think SoCal (especially San Diego) has a lot of room to grow. San Francisco is a pitty of it's own zoning laws.
Greater LA Metro is definitely changing in demographics and employment industries. Gone are the decades of low skill, low wage immigrant workers in the manufacturing sectors. The Metro is changing into one that is more high skilled especially in tech, bio tech, media tech, healthcare, research, business. So overall, I think it will translate into a higher GDP. Other industry growth in travel and tourism, construction, trade ports, logistics.
LA has a lot of room to grow. Part of it is that it doesn't really try to limit areas to certain density and heights. It also doesnt try to make itself a museum city like SF city with its distinct Victorian era architecture. Every part of the Metro is allowing for more density growth with new housing and commercial construction. Also a lot of investment in infrastructure especially in the highways, airport expansions, cargo rail, commuter rail and urban public transportation.
Both Metro CSA areas will grow, but I think the LA CSA room for more growth gives it an advantage over the Bay area.
Latest GDP report has the LA CSA at 1.294T and the Bay Area at 1.031T. This means the Bay Area is already essentially equal to the LA MSA (LA + OC), and has been growing much more quickly, but could it pass the CSA over the next decade?
Before I get into local areas, here is a breakdown of NorCal and SoCal as far as GDP growth so far this decade.
Based on the 2019 State Data and most current growth data,
Q2 2019 looks like this:
SoCal GDP $1.710 Trillion
NorCal GDP $1.419 Trillion
CA GDP $3.129 Trillion
As a general region its has a good shot of catching it, granted thats assuming LA doesn't boom or consolidate San Diego into it's CSA, it either of those happen the Bay Area shot goes out the window.
All that being said.... LA will have no singular peer city in Cali the foreseeable future (economically speaking)
No. I don’t think so. The Bay Area has already been pretty much maxed out in terms of having the room and capacity for growth. Whereas for LA and So Cal, there are way way more room for growth.
Not talking population growth, but GDP growth, which has been much higher in the Bay Area.
I agree. San Francisco has pretty much maxed out, similar to New York City. I think SoCal (especially San Diego) has a lot of room to grow. San Francisco is a pitty of it's own zoning laws.
I think the problem that the Bay Area facing is much more severe than the NYC-Newark MSA. First of all, NYC has a much bigger core than SF. Second, NYC is a global leading city that excels in multiple industries(even in tech industry that San Jose/Silicon Valley is most proud of, Brooklyn is catching up to become the second Mountain View) and NYC is also our country’s greatest city, SF is no where near the influence and leadership of NYC. Third, SF the city itself has already been maxed out big time horizontally while its population is increasing rapidly, so the only way SF can deal with this is to go vertical. But unlike NYC, everyone knows that SF has a risk with earthquakes, so how high it can go nobody knows.
Last edited by SnobbishDude; 12-26-2019 at 06:08 AM..
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