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SAN FRANCISCO-New tech-oriented submarkets around the U.S. and Canada have been created by strong growth in high-tech sector hiring and increasing competition among firms for talent, says a newly released high-tech-industry report from Jones Lang LaSalle. The firm estimates that high tech accounts for nearly one-third of recent office-market absorption nationwide, and the top five markets—Boston, New York, Silicon Valley, San Francisco and Seattle—recorded annual rent growth across key tech-oriented submarkets of between 16.8% and 57.9% in the first quarter.

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