Future Cities
North America Tech-30 2020
Measuring the Tech Industry’s Impact on U.S. & Canada Office Markets
October 14, 2020
The tech industry was indispensable in enabling continued business activity during the COVID-19 shutdown. It likely will lead the next growth cycle by accelerating digital transformation of the economy.
2021 Tech-30 Expert Roundtable
Read More- Vancouver, San Francisco, Austin, Seattle and New York were the top five markets for tech job growth in 2018 and 2019.
- Tech companies continue to expand beyond their headquarters markets, led by San Francisco Bay Area-based tech companies that have signed more than 30 million sq. ft. of office leases in 10 other markets since 2013.
- Sublease space offerings in Tech-30 markets have increased by 42% or 27 million sq. ft. from year-end 2019 to August 2020, and tenant demand has been cut in half.
- The seven most resilient tech markets best poised for future growth are Silicon Valley, Washington, D.C., Vancouver, Atlanta, Dallas/Ft. Worth, Raleigh-Durham, and San Diego.
- The extraordinary rise of the Nasdaq Index since March indicates tremendous future earnings potential for the tech industry despite some recent volatility.
Technology & Media Practice Group
Providing specialized services to technology and media companies, combining robust resources and integrated services to deliver solutions at high speed.
Related Insights
While pandemic-related disruption is diminishing, the outlook remains uncertain.
How Tech is poised to accelerate post-pandemic growth.
CBRE’s Tech Sector experts, Colin Yasukochi, Lexi Russell and Dan Harvey join Spencer Levy to share insights into the many ways tech talent is influencing real estate markets.
Contacts
Richard Barkham
Global Chief Economist, Head of Global Research & Head of Americas Research
Spencer Levy
Global Chief Client Officer and Senior Economic Advisor
.jpg)
