PHOENIX—As goes the high-tech industry, so goes opportunity.Once a high-tech company anchors a neighborhood, housing pricesrise, new amenities spring up and unemployment dips.JLL's latest High-Technology OfficeOutlook reveals where high-tech companies are looking for(and finding) reasonably priced labor and real estate, and how newand unexpected markets like suburban Phoenix are getting a piece ofthe action—and a second economic wind.

“Tech companies are looking for new locations for many reasons,not just for intellectual capital, or venture capital funding butother factors such as standard of living,” saysJulia Georgules, co-lead of JLL'sTechnology research group. “In our research, we callthis 'market dynamism.' We have looked at different lifestylefactors for each of the 34 tech hubs, including proximity totransport and walkable amenities.”

JLL's report, which helps high-tech companies make informedexpansion decisions and provides insight for investors, featuresthe top 34 high-tech markets across the country, includingPhoenix.