Situated within San Mateo County in the state of California, the city of Daly City is the largest by population in the county, featuring over 105,000 inhabitants. Thanks to a number of large employers in the area, Daly City has developed a healthy economy which provides inhabitants with a variety of fulfilling professional and cultural opportunities. Business owners seeking rental properties for lease in Daly City, including office space for rent and commercial space for rent, will find that the relatively low leasing rates in the area may allow for the development of a solid business foundation that is conducive for future growth. The various neighborhood zones of Daly City are currently home to numerous organizations across a wide array of interests and specializations.
The median household income level in Daly City is approximately $67,000, markedly above state averages. Because of this, many experts consider this area to feature a prominently middle-income demographic. Some of the larger employers in the area include Seton Medical Center, the City of Daly City, the United States Postal Service, and Target, among others. Unemployment levels in Daly City have remained substantially below state averages, due in large part to the well-balanced economy here. According to recent studies, approximately 5.2% of local families are currently living below the poverty line.
Daly City remained a relatively small community within the state of California until the 1940’s, when noted developer Henry Doelger established the nearby Westlake, a large collection of homes and retail shopping outlets. Since then, Daly City has attracted a steady stream of migrants and new residents, many of whom have gone on to establish their own business enterprises here. Demographically, Daly City is primarily Asian, with slightly over 50% of local residents classified within this particular ethnic group.
Daly City’s downtown districts host a variety of commercial establishments and retail enterprises, all of which receive regular visitation from local residents.Those hoping to engage directly with consumers are advised to search in this area for available properties for lease during their search. Those looking to establish manufacturing-related enterprises are likely to find more suitable properties on the outskirts of the city.