SAN FRANCISCO—It will come as a surprise to no one that San Jose and San Francisco are the most promising tech city centers. This is according to Cushman & Wakefield's inaugural Tech Cities 1.0 national report.
The top 25 tech cities were determined by analyzing the concentration of factors such as talent, capital and growth opportunity–the key ingredients that comprise the tech secret sauce. The heartiest of these tech epicenters are San Jose/Silicon Valley), San Francisco, Washington, DC; Boston/Cambridge and Raleigh/Durham/Chapel Hill, NC.
Report co-author, Robert Sammons, regional director, Northwest US Research at Cushman & Wakefield in San Francisco, said that while it was not surprising to see San Jose/Silicon Valley and San Francisco continue to dominate, mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets such as Austin (number seven), Denver (number eight) and San Diego (number nine).
Cushman & Wakefield created the Tech Cities 1.0 report to provide greater insight into existing and emerging tech centers that are driving much of today's US economy. Ken McCarthy, Cushman & Wakefield's New York-based principal economist and applied research US lead, states that “tech is in everything” and that people would be left behind if they did not adopt technology and change with that technology.
“Basically every company today is a tech company in one way or another. We're all using it, we're using various aspects of tech companies to do various things,” McCarthy elaborates. “Whether it's Salesforce as customer relationship management, or Workday for HR and various other database programs, the old way of doing business just doesn't work anymore.”
Speakers at the CRE Tech event last week echoed the comments of McCarthy that “we're all using it”. Pierce Neinken, Airbnb global portfolio manager, said those in San Francisco embrace technology: “many of us are in tech and we use the tools”.
The group concurred that it is an integral part of life, both within the business and personal aspects of daily schedules.
“Technology connects people for mutual benefit through our app and in person with engagement,” said Jon Slavet, general manager of the Western US for WeWork. “In the future, there will be more emphasis on designing spaces, building spaces for experiences, working with mayors to envision parts of cities and engaging smarter use of space for more density.”
SAN FRANCISCO—It will come as a surprise to no one that San Jose and San Francisco are the most promising tech city centers. This is according to Cushman & Wakefield's inaugural Tech Cities 1.0 national report.
The top 25 tech cities were determined by analyzing the concentration of factors such as talent, capital and growth opportunity–the key ingredients that comprise the tech secret sauce. The heartiest of these tech epicenters are San Jose/Silicon Valley), San Francisco, Washington, DC; Boston/Cambridge and Raleigh/Durham/Chapel Hill, NC.
Report co-author, Robert Sammons, regional director, Northwest US Research at Cushman & Wakefield in San Francisco, said that while it was not surprising to see San Jose/Silicon Valley and San Francisco continue to dominate, mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets such as Austin (number seven), Denver (number eight) and San Diego (number nine).
Cushman & Wakefield created the Tech Cities 1.0 report to provide greater insight into existing and emerging tech centers that are driving much of today's US economy. Ken McCarthy, Cushman & Wakefield's New York-based principal economist and applied research US lead, states that “tech is in everything” and that people would be left behind if they did not adopt technology and change with that technology.
“Basically every company today is a tech company in one way or another. We're all using it, we're using various aspects of tech companies to do various things,” McCarthy elaborates. “Whether it's Salesforce as customer relationship management, or Workday for HR and various other database programs, the old way of doing business just doesn't work anymore.”
Speakers at the CRE Tech event last week echoed the comments of McCarthy that “we're all using it”. Pierce Neinken, Airbnb global portfolio manager, said those in San Francisco embrace technology: “many of us are in tech and we use the tools”.
The group concurred that it is an integral part of life, both within the business and personal aspects of daily schedules.
“Technology connects people for mutual benefit through our app and in person with engagement,” said Jon Slavet, general manager of the Western US for WeWork. “In the future, there will be more emphasis on designing spaces, building spaces for experiences, working with mayors to envision parts of cities and engaging smarter use of space for more density.”
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.