Future trends: could development move south of San Jose?

[bobby_guz_man]

Originally Posted by BayAreaHillbilly

By East I was referring to the 580 corridor. NE would be the 680/242/4/80/Vasco corridors.

Because that would be outside of San Jose and nobody in San Jose would give a damn.

[hsw]

BigTech may develop their company towns like Cuper/MV, etc

But much of BigTech will also continue to move back-office stuff (arguably 90+% of SV jobs) to far cheaper places like Austin, DFW, etc, not distant parts of SBay/EBay, which are incredibly costly/highly-taxed despite being distant dumps, when stock prices don't work and need to cut costs

And many/most start-ups seeking to attract best young engineers can't venture much beyond coolest parts of SF or Palo, if not to be regarded as irrelevant...or simply need to pay far more in stock comp to justify added commute time/hassle from SF, where any young, affluent workaholic engineer seeks to reside (and slow-moving ole, middle-income family guys happy to live in Palo suburbs tend not to work 100hrs/wk and don't seek stock wealth bets, so kinda irrelevant to start-ups anyway....and part of why BigTech tends to be full of these ole slugs...and why those ole stocks die)

[mstnghu2]

Originally Posted by hsw

BigTech may develop their company towns like Cuper/MV, etc

But much of BigTech will also continue to move back-office stuff (arguably 90+% of SV jobs) to far cheaper places like Austin, DFW, etc, not distant parts of SBay/EBay, which are incredibly costly/highly-taxed despite being distant dumps, when stock prices don't work and need to cut costs

And many/most start-ups seeking to attract best young engineers can't venture much beyond coolest parts of SF or Palo, if not to be regarded as irrelevant...or simply need to pay far more in stock comp to justify added commute time/hassle from SF, where any young, affluent workaholic engineer seeks to reside (and slow-moving ole, middle-income family guys happy to live in Palo suburbs tend not to work 100hrs/wk and don't seek stock wealth bets, so kinda irrelevant to start-ups anyway....and part of why BigTech tends to be full of these ole slugs...and why those ole stocks die)

hsw-bot is back.

[sonarrat]

Originally Posted by mstnghu2

hsw-bot is back.

He's spot on here though. There are a few scattered tech and financial workers who commute from far out, but the bulk of the labor pool you get in places like Stockton and Antioch is going to be blue-collar laborers. You're going to be asking a lot of well-paid people to take a long reverse commute.

[bentobox34]

Originally Posted by eureka1

There are huge developments planned already for the Gilroy area.

Huge is relative. A development might be huge for Gilroy but still be fairly insignificant to the larger picture of the South Bay. It's one thing for Gilroy to see its fair share of employment growth along with the rest of the area, but another thing entirely for the actual center of gravity of the tech industry to move southward.

When things are booming there will always be ripple effects to outlying areas. For example this article last week about Apple opening a satellite office in Elk Grove:
http://www.bizjournals.com/sanjose/n...l?iana=ind_cre

Originally Posted by bobby_guz_man

Because that would be outside of San Jose and nobody in San Jose would give a damn.

No one in San Jose would give a damn if San Jose businesses were moving out of the city to the 580 corridor, or moving out of other cities (Santa Clara, Sunnyvale, Palo Alto etc) but choosing the 580 corridor over San Jose? That's a pretty myopic point of view.

[BayAreaHillbilly]

Originally Posted by bentobox34

Huge is relative. A development might be huge for Gilroy but still be fairly insignificant to the larger picture of the South Bay. It's one thing for Gilroy to see its fair share of employment growth along with the rest of the area, but another thing entirely for the actual center of gravity of the tech industry to move southward.

When things are booming there will always be ripple effects to outlying areas. For example this article last week about Apple opening a satellite office in Elk Grove:
http://www.bizjournals.com/sanjose/n...l?iana=ind_cre



No one in San Jose would give a damn if San Jose businesses were moving out of the city to the 580 corridor, or moving out of other cities (Santa Clara, Sunnyvale, Palo Alto etc) but choosing the 580 corridor over San Jose? That's a pretty myopic point of view.

I'm in tech and many of my coworkers live along the 580-205 corridor, and a decent number along the 680 corridor. Very few can afford living closer in. Not everyone is an exec or even a hot shot developer.