San Ramon, CA Economic Overview
San Ramon is a city located in the San Ramon Valley of Contra Costa County, located approximately 35 miles east of San Francisco. Long considered one of the most desirable living areas in the South Bay Area, the San Ramon Valley boasts scenic beauty, suburban charm, excellent schools, and proximity to major employment centers. The city of San Ramon spreads over 18.56 square miles and is located next to the communities of Danville and Dublin, as well as unincorporated communities in the Alameda and Contra Costa counties. The City serves a population of 78,363 and over 7,400 businesses, and continues to show strength as a major employer and community with high quality residential neighborhoods.
San Ramon, CA Commercial Real Estate Market
San Ramon has much to offer for businesses looking to relocate, expand, or establish in a unique location close to San Francisco. The development of Bishop Ranch in 1982 and several other major employment centers transformed San Ramon’s economy into a bustling center for commerce, attracting employees from cities in the Sacramento and San Joaquin counties. Bishop Ranch has grown to house over 200 companies, including Global 500 companies such as ChevronTexaco, Bank of America, IBM, and SBC. United Parcel Service has a regional distribution center, Toyota has a regional office and parts distribution center, and GE Global Research started its Global Software Center here at Bishop Park. Over 21,000 office workers commute daily to the employment center, and 16,000 jobs are expected to be added over the next 15 years. San Ramon’s largest employers include Chevron, AT&T Inc., Bank of the West, Robert Half International, and Accenture.
The City of San Ramon is also in the pre-development stages of a new downtown district. The City approved plans in 2014, with a grand opening planned for 2018, that calls for an animated civic space featuring 350,000 square feet of quality shops, restaurants, and multiscreen movie theater.
The nearby Alamo-Danville office market located in the Northern I-680 Corridor is currently experiencing higher demand and rising rates, as the San Francisco and Oakland markets also experience unprecedented growth.
San Ramon, CA Office Rental Rates ($/SF/year)
Data provided by Yardi Matrix, for properties larger than 50K SF.
San Ramon, CA Office Sales
Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.
San Ramon, CA Commercial Inventory Breakdown
Office Spaces
Total: 8,958,113 SF
By square footage range:
- 50k to 100k SF: 828,951 SF / 9.25% of total office
- 100k to 500k SF: 4,798,750 SF / 53.57% of total office
- > 1M SF: 3,330,412 SF / 37.18% of total office
By class:
- Class A: 5,322,213 SF / 59.41% of total office
- Class B: 3,635,900 SF / 40.59% of total office
Industrial
Total: 752,479 SF
By square footage range:
- 50k to 100k SF: 346,427 SF / 46.04% of total industrial
- 100k to 500k SF: 406,052 SF / 53.96% of total industrial
By class:
- Class A: 406,052 SF / 53.96% of total industrial
- Class B: 346,427 SF / 46.04% of total industrial
Office Spaces with Retail
Total: 1,610,301 SF
By square footage range:
- 50k to 100k SF: 287,936 SF / 17.88% of total office with retail
- 100k to 500k SF: 1,322,365 SF / 82.12% of total office with retail
Employment in San Ramon, CA
Contra Costa County boasts one of the lowest unemployment rates in the State at 4.5%, with San Ramon sitting at a low rate of 2.4%. The County is home to a dynamic and well-educated labor force of 561,300 people. The occupations with the fastest projected job growth in the County include Web Developers, Economists and Biomedical Engineers. The majority of employees in the City of San Ramon are currently employed in Professional Services (17.7%), Manufacturing (13.1%), and Healthcare (11.7%).
According to the Bureau of Labor Statistics, the industries in the Oakland-Hayward-Berkley Metro Division, CA area with the highest employment numbers include:
- Trade, Transportation, and Utilities—currently employs 202,400, decreasing at -0.1% per year
- Education and Health Services—currently employs 188,800, growing at 3.3% per year
- Professional and Business Services—currently employs 182,900, growing at 0.3% per year
Education in San Ramon, CA
San Ramon is served by the San Ramon Valley Unified School District, serving approximately 30,300 students. The city has 11 elementary schools, four middle schools, and two high schools. An alternative K–12 school is operated by the San Ramon Valley Unified School District to support home-schooled students, called Venture Independent Study School.
Higher education options in the Valley include Diablo Valley College, University of San Francisco – San Ramon regional campus, and the UC David Graduate School of Management, a Bay Area working professional program. In total, there are 68 colleges within 50 miles of San Ramon. Other nearby colleges include Las Positas College, California University East Bay, and Saint Marys College of California, all within 11 miles from San Ramon.
Commuting Time in San Ramon, CA
San Ramon maintains a high standard of infrastructure, transportation, and safety for its residents and visitors. The city is located in the San Ramon Valley, which is sandwiched between two large parks, the Las Trampas Regional Wilderness and Mount Diablo State Park. Primary transportation options in San Ramon include:
- For drivers, I-680 goes right past San Ramon and connects to the north with 24, 580, and 880 to San Francisco. Highways 580 and 880 connect San Ramon to most of the East Bay. For travel to San Jose and the Silicon Valley, I-680 connects to the 880, 280, and 101 freeways.
- Local bus service in the San Ramon Valley is provided primarily by County Connection (Central Contra Costa Transit Authority, or CCCTA). Bay Area Rapid Transit (BART) & Bart Express serves the Greater Bay Area. Stations are accessible via the County Connection.
- The Altamon Commuter Express train serves commuters in cities from Stockton to San Jose. Riders can get a 50% discount on a one-month pass when they ride the County Connection 920 ACE shuttle from the San Ramon Transit Center and the Danville Sycamore Park & Ride lot to the ACE train station in Pleasanton.
- Bicycle owners can store their bikes on racks and lockers at the San Ramon Transit Center. Bike lockers can be rented monthly, quarterly or yearly and are covered and secured. Bike racks are available on a first-come, first-served basis. Additional bike lockers can be reserved at the Sycamore Park and Ride Lot in Danville.
- Oakland International Airport Major airport in Oakland, California. It is about 14 miles away from the center of San Ramon.
Employees in San Ramon have a longer average commute time than the national average of 24.8 minutes, clocking in 31.1 minutes each way. The largest share of workers drives alone, followed by those who work at home and carpool.
San Ramon Demographics
Population
- Total Population75,648
- Male Population(50.3 %) 38,063
- Female Population(49.7 %) 37,585
- Median Age40.20
Income/Financial
- Average Household Income$186,912
- Median Household Income$160,783
- Median Income Under 25$57,083
- Median Income 25-44$162,757
- Median Income 45-64$190,528
- Median Income Over 65$75,457