Gilroy Economic Profile Aug 2014

Page 1


GENERAL INFORMATION • Gilroy is a major regional retail destination with annual sales of over $1 billion • The City has 5.4 million square feet of industrial, warehouse and R&D space, with a combined vacancy rate of 12.4% (Q22014) • Average asking rent for industrial space is $0.57 (NNN), wharehouse is $0.40 • Gilroy is one of the fastest growing cities in Santa Clara County; estimated growth 2000- 2010 was 17.7%

KEY DEMOGRAPHICS GENERAL DEMOGRAPHICS

MEDIAN HOUSEHOLD INCOME

Source:CA Department of Finance; 2008-2012 American Community Survey 5-year estimates

Total

Source: 2008-2012 American Community Survey 5-year Estimates Location

Median HH Income

Population

51,544

Gilroy

$78,842

Households

14,388

San Jose

$81,349

Per Capita Income

$28,629

San Francisco

$73,802

Median Household Income

$78,842

San Diego

$63,990

Los Angeles

$49,745

California

$61,400

United States

$53,046

POPULATION DIVERSITY

Source: 2008-­‐12 American Community Survey 5-­‐year Es,mates

INCOME DISTRIBUTION BY HOUSEHOLD Source: 2008-2012 American Community Survey 5-year Estimates City

Hispanic or La,no 57.1%

Households

Two or More Races 1.8% Na,ve Hawaiian & Other Pacific Islander 0.4%

100.0%

1,363

9.5%

$15,000 - $24,999

944

6.6%

$25,000 - $34,999

1,002

7.0%

$35,000 - $49,999

1,443

10.0%

$50,000 - $74,999

2,085

14.5%

$75,000 - $99,999

2,036

14.2%

$100,000 - $149,999

2,690

18.7%

$150,000 - $199,999

1,793

12.5%

$200,000 and more

1,032

7.2%

Less than $15,000

White Alone 32.9%

Other 0.7%

Black or African American 1.3%

Asian Alone 5.8%

% 14,388

BUSINESS STATISTICS CONSUMER SPENDING

LARGEST PRIVATE EMPLOYERS

Source: Claritas 2013 Data (5-mile radius) Category Apparel

Source: Gilroy EDC

Aggregate (1,000's)

Avg Household

Employer

Employees

$95,088

$5,515

Christopher Ranch LLC

800

Sports & Entertainment

$126,811

$7,356

Saint Louise Regional Hospital

550

Food at Home

$125,983

$7,307

Olam International

500

$88,325

$5,123

Wal-Mart

395

Health Care Household Furnishing & Appliances

$55,634

$3,227

Monterey Gourmet Foods

225

Housing Related & Personal

$137,293

$7,964

Costco Wholesale

220

Transportation & Auto

$215,039

$12,473

Kaiser Permanente

200

Food away from Home

$61,804

$3,585

Head Start Nursery

180

Education

$55,332

$3,209

International Paper

180

Personal Care

$20,806

$1,207

Community Solutions

175

Syngenta

175


BUSINESS STATISTICS (Cont.) EDUCATIONAL ATTAINMENT

SANTA CLARA COUNTY WAGE RATES

Source: 2008-2012 American Community Survey 5-year Estimates Total

Source: Employment Development Department %

Occupation

Mean Wage

Population Age 25+

29,615

100.00%

Sales Manager

$81.44

Less than 9th grade

3,752

12.67%

Computer and Information Systems Manager

$87.19

Some High School, no diploma

3,039

10.26%

Industrial Production Manager

$58.76

High School Graduate (or GED)

6,224

21.02%

Computer Programmer

$47.47

Some College, no degree

6,474

21.86%

Computer Hardware Engineer

$62.93

Associate Degree

3,073

10.38%

Assemblers

$18.31

Bachelors Degree

4,733

15.98%

Retail Salespersons

$12.82

Graduate or Professional Degree

2,320

7.83%

Receptionists and Information Clerks

$16.62

Data Entry Keyers

$15.89

LABOR FORCE AVAILABILITY

EMPLOYMENT BY SECTOR

Source: CA Employment Development Department -as of June 2014

Source: 2010-­‐12 American Community Survey 3-­‐year Es,mates

Labor Force

21,900

Employed

20,100

Unemployed

1,800

Unemployment Rate

8.2%

TRANSPORTATION ACCESS

Public Administra,on 4.41% Service 7.35%

Prof/ Admin/ Waste Mgmt 11.09%

Educa,onal Services 16.89%

Arts/Enter/Rec /Accommoda,on 9.56%

Agriculture & Mining 4.69%

Finance 4.24%

Source: Gilroy EDC

Retail 14.24%

AIRPORT ACCESS San Jose Mineta International Airport

31 miles

San Francisco International Airport

67 miles

Wholesale 3.06%

Transp/Comm/ U,li,es 2.83%

Construc,on 9.01% Manufacturing 12.63%

HIGHWAYS U.S. Highway 101

0 miles

LOCAL COLLEGES & UNIVERSITIES

CA State Highway 152

0 miles

College

RAILWAYS

Enrollment

Gavilan College

Union Pacific Railroad Gilroy Caltrain Station San Jose Amtrak Station

Gilroy

24,257

San Jose

1 mile

San Jose State University

1 mile

Cal State University, Monterey Bay

5,130

Seaside

Santa Clara University

6,963

Santa Clara

10,008

Cupertino

29 miles

De Anza College San Jose City College

AVERAGE COMMERCIAL/INDUSTRIAL ELECTRIC RATES

University of California, Santa Cruz

Source: Pacific Gas & Electric

Stanford University

Service

3,381

San Jose

16,451

Santa Cruz

19,945

Palo Alto

Cost Per kWh

E-19 (Commercial) Transmission*

$0.12770

Primary**

$0.15135

Secondary***

$0.15806

E-20 (Industrial)

UTILITY PROVIDERS Electric & Gas

Pacific Gas & Electric

Water

City of Gilroy

Transmission*

$0.10903

Sewer

City of Gilroy

Primary**

$0.13772

Telecommunications

Verizon Communictions

$0.15070

Cable

Charter Communications

Garbage & Recycling

Recology South Valley

Secondary*** * 50,000 volts or more

** 2,000 - 50,000 volts

Location

5,595

*** Less than 2,000 volts

Contact us for information on PG&E incentives for commercial/industrial users


HOUSING STATISTICS HOUSEHOLD SIZE

MEDIAN HOME PRICES

Source: 2008-2012 American Community Survey 5-year Estimates Households

Source: DataQuick 2013 14,388

Median Home Price

Community

1-person householder

2,415

Gilroy

$495,000

2-person householder

3,645

Campbell

$701,000

3-person householder

2,385

Santa Clara

$635,000

4-person householder

2,885

San Jose

$570,000

5-person householder

1,762

Morgan Hill

6-person householder

681

Palo Alto

7-or more person householder

615

Mountain View

$625,000 $1,720,000 $800,000

REGIONAL MAP

HIGHWAY MILEAGE FROM GILROY TO...

San Jose Monterey/Carmel Oakland San Francisco Fresno Sacramento Los Angeles

Gilroy Economic Development Corpora,on 7471 Monterey Street Gilroy, CA 95020 (408) 847-­‐7611 www.gilroyedc.org president@gilroyedc.org

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