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SAN JOSE-It’s not surprising that Silicon Valley should come out on top of the heap for “tech talent” ratings in a new CBRE Group report. San Jose and its northwestern neighbor, San Francisco, ranked first and third, respectively, among tech talent markets, with the nation’s capital coming in second, and Boston and Seattle rounding out the top five. Beyond helping to shape the office and industrial tenant bases in these markets, the clustering of tech talent also has implications for development and redevelopment both in the urban CBDs and in submarkets outside them, CBRE says.

“As echo boomers have migrated to submarkets outside of the traditional urban centers across various metro areas, opportunities exist for urban infill mixed-use developments in highly concentrated tech talent markets in which these locational shifts have taken place,” the report states. For example, the growth of San Francisco’s South of Market district occurred over time as rehabilitated warehouses and the live-work-play environment attracted tech employers, who in turn were responding to their employees’ need for a collaborative environment and desire to be close to burgeoning entertainment districts. These neighborhood amenities in turn help maximize social interaction among workers and can spark innovation.

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