Gray Defevere Talks About the Shift from Manufacturing Economy to a Technology Economy in “Gray Matters: Podcast Part #2.
Gray Defevere continues in part 2 of his podcast with Stevie Wilson (www.la-story.com) about the state of the economy and how to interpret the indicators. While this conversation took place in June, some of what Gray commented on have since come to pass– the increase in job growth, the uptick in residential real estate sales and growth in spending.
Gray and I talk about the growth of commercial real estate — in that rents aren’t as high, people are seeking more space for their businesses in Santa Monica, a center of tech, fashion and more importantly– innovation.
Topics covered include:
rents are reasonable in most areas for commercial real estate
lots of venture capital for growing companies;
auto sales are growing due to Japanese earthquake and also the demand for green vehicles;
the transition of the US from a manufacturing nation to digital/IT/technology-based economy;
California as the birthplace for technology and eco-friendly or green-centric businesses.
Cloud computing as a significant impact on the growth of young and emerging companies.
Thank you to Gray Defevere for his time and insight into the economy based on the comparison of commercial versus residential real estate as a marker of the health of the economy. This is a beginning of the
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