Atlanta ranks #11 overall in CBRE’s 2022 Scoring Tech Talent report as North American tech-talent employment bounced back from the pandemic to post job gains across most top markets in 2021, though the industry’s resilience will be tested again amid economic turmoil in 2022, according to a new report from CBRE.
The U.S. added a net 136,000 tech talent jobs last year across established hubs such as the San Francisco Bay Area, New York and Seattle as well as smaller markets like Nashville, Cleveland and California’s Inland Empire. Both tech job growth and tech office leasing proved resilient by rebounding in 2021 from slowdowns in 2020.
As more than half a dozen tech companies announced new offices in Atlanta last year, the city saw 1,300 new tech jobs added between 2020 and 2021 alone, according to CBRE. Between 2016 and 2021, total tech employment grew by 8,900 jobs in Atlanta, or 7 percent, a trend that is expected to continue.
“Atlanta’s tech talent workforce has expanded steadily in recent years due to rapid growth of Atlanta based companies as well as out-of-town based tech companies opening new offices and expanding existing ones,” said Christian Devlin, CBRE Senior Vice President and Tech & Media Practice leader in Atlanta. “Atlanta has benefited from its leading universities, concentration of tech companies, highly skilled and diverse tech talent pool, and a great quality of life combined with a relatively low cost of living and doing business.”
CBRE’s report, now in its 10th year, ranks the top 50 North American markets by analyzing 13 measures of their ability to attract and develop tech talent, including tech graduation rates, tech-job concentration, tech labor pool size, and labor and real estate costs.
Article courtesy of Metro Atlanta CEO, published July 22, 2022.