Tech's Expanding Footprint
CBRE has created an interactive map to illustrate the expanding footprint of the tech industry in the United States.
According to the map, tech job growth is leading to rent growth. So cities like Seattle have seen 25.7 percent tech job growth and 13.9 percent rent growth.
Other points made on the map include the size of the expansion of tech companies outside of their home market. So, for instance, San Francisco tech companies have created 2.2 million square feet of commercial space in Southern California, 1.7 million square feet in Austin, and 3.4 million square feet in New York. Similar figures are also shown for tech companies headquartered in Boston, Seattle, and New York.
The map also identifies high value markets for investing in tech-ready office and industrial spaces, rental premiums in tech-centric submarkets, and emerging markets.
The whole exercise is built to promote CBRE's 2018 TECH-30 report, which requires a "Global Gateway" account to access.