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CBRE: Scoring tech talent in North America 2019
Research - JULY 16, 2019

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CBRE: Scoring tech talent in North America 2019

by Andrea Zander

More than 6 million highly skilled workers across the United States and Canada comprise the tech talent that is leading global innovation, according to CBRE. Shrinking availability of tech talent in leading markets has spurred a spillover of hiring momentum in smaller and upstart markets in the United States and Canada as expanding tech employers seek additional labor pools.

Overall, big markets have continued to produce the largest volumes of jobs and tech degree graduates over the past five years, but several years of low unemployment rates have dampened the momentum of many leading tech talent markets. Partly as a result, smaller “Next 25” markets have absorbed an increased amount of tech-labor demand.

The high-tech industry has accounted for about 20 percent of major office-leasing activity in the United States since 2018 — the most of any industry. This has left little available office space in many key large markets and pushed up rents to peak levels.

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