April 27, 2015
Silicon Valley is undoubtedly one of the hottest markets in the country, with massive development struggling to keep up with the demand for space by tech companies.
Today, the WSJ explores Silicon Valley’s scarcest resource: land.
“The economy has outgrown the place,” said Gabriel Metcalf, chief executive of the Bay Area regional-planning-focused nonprofit SPUR. “The speed of economic change is much faster than the speed of community change.”
Not only has the growth placed limitations on the amount of space that can be developed, it has also placed limitations on local infrastructure which cannot keep up with demand and population influx.