June 4, 2024
From 2020-2023, San Francisco realized substantial average annual GDP growth year-over-year, finishing second of the 10 largest metros, and is again projected to experience continued growth over the next five years (2024-2028).
The most recent data follows after San Francisco grew more than twice the top 10 metro average GDP growth over 2015-2019.
  • Oxford Economics attributes the City’s “potent combination of high value-added industries” along with a skilled labor force and high incomes that encourage an entrepreneurial culture.
  • The years 2010-2014 also saw the San Francisco metro leading average annual growth rates, proving the endurance of the City.
Top 10 Metros: GDP Growth, 2020-23 vs 2015-19
Average annual growth, % y/y
Top 10 Metros: GDP Growth, 2024-28 vs 2020-2023
Average annual growth, % y/y 2024-28
Source: Oxford Economics, US Bureau of Economic Analysis
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For more information on what we've shared, please contact your Colliers representative.
Jeremy Harper
Senior Research Analyst
San Francisco
+1 415 288 7882
jeremy.harper@colliers.com
Derek Daniels
Regional Research Director
San Francisco Bay Area
+1 415 288 7803
derek.daniels@colliers.com
Kitty Aguilera
Managing Director
San Francisco
+1 415 288 7855
kitty.aguilera@colliers.com
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