Real Estate - JULY 26, 2017

Bay Area remains top market for tech talent

by Andrea Waitrovich

While tech workers account for just 3.5 percent of total workers in the United States, the small labor force has an outsized impact on the real estate market and national economy, and it’s growing, according to a recent CBRE report.

The number of tech talent workers has increased by 27 percent in the past five years, adding more than 1 million jobs to the U.S. economy at a pace more than three times the national average.

CBRE’s Tech Talent Scorecard ranks cities or urban areas based on 13 criteria, including outlook for tech job growth and growth in office and apartment rentals.

The top 10 markets were the San Francisco Bay Area; Seattle; New York; Washington, D.C.; Atlanta; Toronto; Raleigh-Durham, N.C.; Austin; Boston; and Dallas/Ft. Worth.

The Bay Area maintained its top score, while Seattle and New York each moved up one spot to second and third, respectively, while Washington, D.C., slipped to fourth.

To read the full report, click here.

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