Tech-Thirty 2016: Measuring the tech industry’s impact on North American office markets (CBRE)

by brian jackson

Over the past five years, the tech industry has been the fastest growing subset of the labor market, creating 780,000 new jobs at a 7.3% growth rate. In that time, the industry also accounted for nearly 20% of office leasing activity. Now, in 2016, we’ve seen the annual tech job growth rate slow to 4%, with signs of a shifting market for tech office occupiers and investors. In CBRE Research’s 2016 Tech-Thirty Report, we rank the top 30 tech markets, revealing which markets have the highest potential growth and value, which markets benefitted most from tech industry growth, and which submarkets command rent premiums or offer discounts.


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