Talent and real estate cost are foremost concerns for tech companies

Cushman & Wakefield released Tech Cities: The Global Intersection of Talent and Real Estate, a new report that examines the top location strategy drivers for tech occupiers, identifies the top global tech markets and assesses the impact of tech companies on office real estate.

On a global scale, tech is a larger portion of major economies — and commercial real estate — than ever before. Over the past decade, global technology employment increased substantially. Across the largest 15 global economies, information and communication employment increased by nearly 23 million workers, and it is forecast to grow by 17 percent, adding another 12 million workers over the next 10 years.

“The tech sector will remain a driving force for economies around the globe,” said David C. Smith, global head of occupier Insights at Cushman & Wakefield. “Even with the recent volatility in the economy, demand for tech talent will not abate anytime soon. Because of t