It’s official. Innovation is the key to post-pandemic economic success, and the U.S. is home to four of the five highest-ranked cities for attracting innovation-oriented industries.
Sitting at the top of the list? San Jose.
That’s according to a new report from real estate services firm JLL. The research, part of JLL’s Innovation Geographies study, states that “innovation industries including high-tech services, the life sciences and advanced manufacturing will play a critical role in the recovery” post-pandemic. Cities that are home to these industries, and the ecosystems that support them, are best positioned for growth in the coming years.
JLL looked at 100 cities around the world using selection criteria that included the presence of a major university, the availability of a critical mass of talent, and attractive lifestyle options. San Jose clearly checks all the boxes.
In fact, San Jose has made a habit of being at or near the top of these “best of” lists. In the past year alone, Bloomberg named San Jose the #1 region in the country poised for post-pandemic recovery, Moody’s ranked the city in its top ten based on similar criteria, and CBRE named the San Jose metro area the number one market for office space development.
The evidence on the ground confirms what these firms are saying: the world’s leading technology companies continue to expand their presence here. That includes Google with a planned major mixed-use project near Diridon Station, and Apple, which is one of five companies that have secured the rights to build in north San Jose. And there are many more.
To learn more about how you can invest in the future of one of the world’s most innovative cities, contact us today.
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The contents of this communication: (i) do not constitute an offer of securities or a solicitation of an offer to buy securities, (ii) offers can be made only by the confidential Private Placement Memorandum (the “PPM”) which is available upon request, (iii) do not and cannot replace the PPM and is qualified in its entirety by the PPM, and (iv) may not be relied upon in making an investment decision related to any investment offering by an issuer, or any affiliate, or partner thereof ("Issuer").
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Real Estate Risk Disclosure:
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- Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
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Opportunity Zone Disclosures
- Investing in opportunity zones is speculative. Opportunity zones are newly formed entities with no operating history. There is no assurance of investment return, property appreciation, or profits. The ability to resell the fund’s underlying investment properties or businesses is not guaranteed. Investing in opportunity zone funds may involve a higher level of risk than investing in other established real estate offerings.
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