Austin Ranks in Top Five of Brain Gain Markets

Austin jumped to a top-five position on the CBRE annual tech talent scorecard.

AUSTIN, TX—By adding more jobs than nearby universities could produce, Austin is one of the top brain gain markets. The Texas capital produced 9,758 tech graduates between 2010 and 2014, and added 24,590 tech jobs between 2011 and 2015, for a net gain of 14,832. Rankings for CBRE Group Inc.’s annual Scoring Tech Talent are determined based on 13 unique metrics including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for job growth, and market outlook for both office and apartment rent cost growth.

For the first time, this resulted in Austin jumping to a top-five position on the annual tech talent scorecard, which ranks 50 US and Canadian markets with regard to the ability to attract and grow tech talent. Coming in at number five, up three spots from the 2015 scorecard, Austin was outranked only by the San Francisco Bay Area, Washington DC, Seattle and New York City.