Scoring Tech Talent: Implications for U.S. Commercial Real Estate in the Digital Age

September 2013

Key Takeaways

  • What are the top tech talent markets in the U.S. for real estate occupiers?
    The Tech Talent Scorecard ranked San Jose, Washington, D.C., San Francisco, Boston and Seattle as the top markets for tech talent.
  • What are the implications of tech talent clustering for real estate occupiers?
    Collaborative and creative space in submarkets that are attractive to echo boomers are important for tech talent employers. In addition, an entrepreneurial culture and business networks are increasingly important to employers and may drive where companies locate within markets.
  • What are the underlying drivers of tech talent clustering in particular markets?
    The clustering of tech talent can be attributed to the emphasis of innovation in the knowledge economy.
  • What are the opportunities for real estate investors?
    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.

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