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Demand from the technology sector remains the strongest driver in San Francisco and the Silicon Valley; Seattle; Portland, OR and parts of Los Angeles. These markets house a spectrum of industries that includes programming, content and social media. New York City, which is heavily populated with mobile/web technology, has cooled since last year's run-up in tech interest and the West Coast appears to have the current advantage in attracting firms. The explosive loft and apartment construction growth in infill areas creates a sense of community that the tech sector craves. West Coast colleges and universities are also pipelines for the tech industry, although companies such as Apple are recruiting nationwide.

Regardless of geographic concentration, technology pulled us out of recessions historically, and this cycle is like no other. While today's tech boom promises more sustainable growth than the previous one, it's having a more modest effect on traditional office-using job requirements. Twelve years ago, Generation Y was still in middle school when the tail end of Generation X graduated and burst onto the tech scene with great ideas. Amazon and eBay were growing, and Wikipedia launched along with many other servicebased websites. The founders leased office space before they had venture capital and went public immediately, but the entire boom crashed before it had legs.

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