What to Watch: November
Forecasting the Future Event – A Hit!
An overview of the state and national economies is available through Marin Economic Forum in partnership with Dr. Jon Haveman of Marin Economic Consulting- Please see those reports and the Fall Economic Forecast at www.marineconomicforum.org.
- Marin County’s real personal income is projected to rise , and is now forecast to grow at an average rate of 2.2 percent between 2014 and 2016;
- Inflation in Marin County is likely to rise at over 2 percent per year from 2014 to 2017;
- Marin County’s taxable sales per capita are the third highest in California;
- Marin County’s payroll employment shows continued growth and shows that services and manufacturing are growing in 2014;
- Marin County added 2,600 payroll jobs in 2014 and gained about 200 payroll businesses;
- Since 2014, Marin County’s median home prices have been just over $1 million but somewhat flat; and
- Commercial properties have seen some reduced vacancies, but this reduction has slowed since 2013, while rents have remained steady at $2.60 per square foot.