The Bay Area Council Economic Institute, in partnership with commercial real estate services company CBRE and its Tech Insights Center, in its The Regional Economic Recovery Index has created a new first-of-its-kind regional tool for tracking the Bay Area’s pandemic recovery against that of other major metropolitan areas across the country. This is the first of three reports that will track and compare the Bay Area’s progress across five key categories: jobs, people, investment, economic activity, and affordability.
The region’s downtown cores were the hardest hit by extended economic shutdowns to combat the COVID-19 pandemic, remote work policies employed by Bay Area businesses, and a sharp reduction in travel. Among all five categories, The Regional Economic Recovery Index ranked San Francisco 24th overall among 25 peer regions in its recovery. San Jose landed in the middle of the pack at 16th overall, with Los Angeles just two slots ahe