July 17, 2020
Austin maintained its sixth-place ranking in CBRE’s Tech Talent Scorecard, part of its annual Scoring Tech Talent Report, which ranks 50 North American markets on their ability to attract and grow tech talent.
Tech labor concentration – or the percentage of total employment – is an influential factor in how “tech-centric” a market is and its growth potential. Austin has the seventh largest tech-talent labor pool concentration nationally, with 76,270 tech workers comprising 7.1% of Austin’s workforce. The national average is 3.7%.
“With a strong, continually growing tech-talent labor force and an overall lower cost of living and doing business, I think Austin could end up being a beneficiary market in the recovery of the pandemic as many tech users look to move out of more densely populated areas like New York City or San Francisco,” said Erin Morales, SVP at CBRE and member of the Tech and Media Practice Group.
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