Tech Is Driving Rent Growth In The Most Surprising Places

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LOS ANGELES–It comes as little surprise that the strong concentration of tech workers in such cities as San Francisco has led to an increase in office rental rates. Now, though, this tech effect shows signs of influencing rents in cities where there is a concentration of tech workers — and the list is surprisingly long, according to a recent report on tech trends and commercial real estate by CBRE.

“The industry is growing three times faster than the national average and tech employers are seeking out the talent they need in both large and small markets across the country,” Colin Yasukochi, report author and Director of Research and Analysis for CBRE, tells GlobeSt.com.