Don Bauder has a typically wide-ranging and entertainingly cranky piece in the San Diego Reader on what a post-real estate boom San Diego economy will look like.
Right now, 7.27 percent of San Diego’s jobs are in construction, according to the San Diego Association of Governments. That’s up from 6.21 percent in 2002. Another 1.81 percent of local jobs represents people working in real estate offices, up from 1.67 percent in 2002.
So that means 9.08 percent of total jobs are in real estate, but that’s only part of the story. That percentage does not capture mortgage bankers and brokers — and the county is full of them now — or real estate entrepreneurs working on their own. It’s possible that close to 12 percent of San Diegans work in real estate one way or another. By contrast, a mere 1.7 percent work in biotech and 1.2 percent in computers and electronics.
As a related aside, I sometimes feel like San Diego County is more than merely “full” of mortgage bankers and brokers. Some Sorrento office buildings I’ve recently visited have been wall-to-wall with offices of such folks, making it feel more like an infestation than anything else.