A recent report by the Orange County Business Council placed Huntington Beach as #4 on a list of cities with the best housing and job growth prospects. The objective of the report is to identify those areas with the most potential to build out, both in terms of new business and new residential housing that is both high-density and cost-efficient. In other words, Huntington Beach has been designated as one of the top cities with the most promising economic and real estate forecasts and the capacity to service those opportunities without becoming overcrowded or overburdened by the influx.
There are a number of factors that influenced the survey results, including current population trends, the present and projected cost of living, lengths of commutes, economic possibilities and the ratio of home ownership to rentals.
All of these factors are built into a matrix that measures the ability of a city to foster new business while at the same time providing housing options for an influx of new residents without impacting the positive features of a community like traffic, civic expense, police and fire and public works. As the fourth-highest ranked city behind Irvine, Anaheim and Brea, Huntington Beach has the most potential to grow in terms of economy and population.
And unlike those other cities, Huntington is the only waterfront region, which offers an additional attraction to prospective residents and business owners. Many of the other cities, due to their already built-out, sprawling communities, lack the flexibility to condense economic-living centers to promote a positive work-life balance.
This is of course great news for the future development of Huntington. If you are looking to get ahead of this building trend, drop me a line today. I’m very excited to share the plethora of options available in Huntington Beach with new residents.