VC Funding Venture capital funding has steadily increased since 2015, according to research by PitchBook.

PORTLAND, OR—The impact the tech sector has had on commercial real estate appears to be in one fell swoop but in actuality has been building since the financial crisis of 2008. The trend of start-ups and tech companies occupying large spaces in metropolitan areas is occurring all over North America and especially in tech-vital cities. So says Cushman & Wakefield’s annual report, Tech Cities 2.0, that identifies existing and emerging tech centers increasingly driving the North American economy and impacting the commercial 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 and demographics statistics, and groups the top cities into three categories based on how important the tech sector is to the local economy and real estate market: tech is a critical component of the local economy and CRE market, tech is a key driver of the local economy and CRE market, tech is important to the local economy and CRE market, but of course there are other important sectors as well.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of 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.

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