Tech Industry Offers Attractive Sublease Options to Prospective Office Tenants
The tech industry accounted for 23% or 43 million sq. ft. of total U.S. office sublease availability in Q1 2023. The 188 million sq. ft. of current U.S. sublease availability has nearly doubled since March 2020.
Non-Tech Companies Seeing More Opportunity to Hire Tech Talent
Recent technology company layoffs are providing non-tech companies with an opportunity to hire much-needed tech talent to support their business operations.
Tech Sector Attracted Bulk of U.S. Venture Capital Funding Last Year
Tech was far and away the dominant industry for venture capital funding in 2022 with a 64% share of the $176 billion annual total.
Tech industry job growth has slowed amid a cooling economy, but the industry continues to wield outsized influence on key markets across the US and Canada.
Tech Insights: Apartment Rents in U.S. Tech Cities Surpass Pre-Pandemic Highs as Return-to-Office Regains Momentum
Apartment rents have become highly correlated with remote work and return-to-office trends.
Tech Insights: Tech Office Leasing Flattens in H1 2022
Economic uncertainty and low space usage contributed to a negligible 1% year-over-year increase in tech office leasing volume in H1 2022.