More Tech Jobs in Bay Area Than Anywhere Else

The tech sector has had a profound impact on commercial real estate (credit: Apple magazine).

SAN JOSE—Technology’s impact on commercial real estate 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.