Economy ramping up in Pleasanton, East Bay | August 19, 2011 | Pleasanton Weekly | |

Pleasanton Weekly

Opinion - August 19, 2011

Economy ramping up in Pleasanton, East Bay

Just as the retail vacancy rate dips to a new low of under 5% in downtown Pleasanton comes more positive news from the East Bay Economic Development Alliance. Its mid-year report shows nonfarm employment in the East Bay posted a modest gain in the second quarter of 2011, the first increase in a year. Consumer spending is picking up, with taxable sales showing moderate growth for seven consecutive quarters with a forecast that these sales will reach 2007 peak levels by mid-2012. Even improvements, though slow, are expected in home prices and sales in the coming months.

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