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DEMOGRAPHICS

COMMUNITY PROFILE

	2000	2005	2010	2020
City Population	62,095	64,100	65,200	68,500
Household Population	61,635	63,600	64,700	68,000
Households	19,677	19,950	20,330	21,410
Employed Residents	32,303	33,400	34,000	36,100
Mean Household Income	$68,000	$73,200	$76,100	$77,500
County Population	737,100	767,100	779,700	795,700

 

Employment	2000	2005	2010	2020
Industrial	13,670	13,710	13,740	14,720
Retail	5,790	5,940	6,040	6,340
Service	13,650	14,520	14,740	15,480
Other	14,220	14,320	14,400	14,940
Total City Employment	47,520	48,680	49,100	51,660
Total County Employment	338,370	402,570	413,840	432,240

Largest Employers

Genentech
Kaiser Permanente
Celera
Sugen, Inc.
See's Candies, Inc.
COR Therapeutics
Aeroground
COR Therapeutics
(Based on BT Commercial Real Estate 2001 Regional Overview)

	1970	1980	1990	1999
Total City Taxable Sales	$186,987,000	$515,599,000	$964,268,000	$1,037,816,800
Total County Taxable Sales	$1,265,931	$4,073,283,000	$7,843,359,000	$8,172,772,000

Vital Statistics (Based on ABAG 2000 projections)

Real Estate Market Summary
In 1999, South San Francisco's industrial market experienced a phenomenal year with the high-tech and biotechnology industries driving development. The city contains 22 million square feet (or 32% in San Mateo County) of industrial net rentable area. Between 1998 and 1999, City officials approved 1,024 residential units, 2,338,000 square feet for industrial, R&D, and commercial development, and 2,232 hotel rooms.

	Building Base	Direct Availables	Sublease Availables	Total Availables	Vacancy 2000	Rent Range	Average Rate
Office	1,254,393	67,945	0	67,945	5.4%	$1.50 -$6.00	$5.92
R&D	3,804,216	135,000	0	135,000	3.5%	$1.50-$5.50	$4.58
MFG	6,788,672	165,935	0	165,935	2.4%	$0.84-$3.62	$1.59
WHSE	18,819,788	526,633	53,925	580,558	3.1%	$0.75-$3.25	$1.43
Total	30,667,069	895,513	53,925	949,438	3.1%

(Based on BT Commercial Real Estate 2001 Regional Overview)

Housing
A variety of housing is available in South San Francisco. Single family homes, condominiums, apartments, duplexes, and mobile homes make the city a place where virtually every taste and lifestyle can be satisfied. Rentals for studios, one-and two-bedroom apartments, and duplexes start at approximately $1000 per month. Rentals for three-and four-bedroom houses start at approximately $2,000 per month.

The 2000 Median sales price for a home was $348,544. In 2001, single family homes, 50 years or older, sold between $400,000 - $450,000. Upper end homes sold between $500,000 and $750,000.