Venture capitalfunding has steadily increased since 2015, according to research byPitchBook.
PORTLAND, OR—The impact the tech sector has had on commercialreal estate appears to be in one fell swoop but in actuality hasbeen building since the financial crisis of 2008. The trend ofstart-ups and tech companies occupying large spaces in metropolitan areas isoccurring all over North America and especially in tech-vitalcities. So says Cushman & Wakefield's annual report, TechCities 2.0, that identifies existing and emerging tech centersincreasingly driving the North American economy and impacting thecommercial real estate sector.
A follow up from last year's inaugural Tech Cities 1.0 report,this year's research reviewed all major North American markets,combining employment, occupations, venture capital investment anddemographics statistics, and groups the top cities into threecategories based on how important the tech sector is to the localeconomy and real estate market: tech is a critical component of thelocal economy and CRE market, tech is a key driver of the localeconomy and CRE market, tech is important to the local economy andCRE market, but of course there are other important sectors aswell.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
