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While the number of San Leandro businesses & employees decreased by 9.5% and 13.5% respectively between 2005 and 2011, businesses and employment are currently growing again. The City tracked nearly 160 new business starts in San Leandro since last year. The unemployment rate for San Leandro has also shown substantial improvement, recently dropping below 7.0% down from a high over 11% in 2010. Finally, property values have been rebounding strongly, with residential values jumping more than 25% in the past year. To provide a snapshot of the local economy, the following is a list of other important economic indicators for San Leandro (arrows = directional trend): • Unemployment: 6.9% • Warehouse Vacancies: 5.5% • Manufacturing Vacancies: 7.4% • Median Home Price: $407,000 • Building Permits: 8.7% Sources: City of San Leandro and Business License database, California Economic Development Department, Cassidy Turley/ BT Commercial, 2010 Census, California Association of Realtors-2013 Forecast. Targeted Industries and Growth Opportunities San Leandro is a choice Bay Area location with unlimited potential for entrepreneurial companies, precision and specialty foods manufacturing, clean tech and just-in-time distribution/warehousing. Below are the major economic development strategic advantages and challenges facings San Leandro: Strategic Advantages: • Centrally located in Bay Area with shoreline redevelopment potential • Fiber optic infrastructure via Lit San Leandro • Numerous transportation/freight options: o Oakland International Airport o Port of Oakland o AC Transit o BART o San Leandro LINKS o Union-Pacific rail o 1-880 and 1-580 • Available property for small to large businesses • Business friendly city government • Workforce that is diverse, skilled and educated • Successful retail and strong shopping destinations alt Y of Leandro I Economic icD°evelo Development Strategy and Work December 2013