SFCED | San Francisco Center for Economic Development


Move Over Silicon Valley, San Francisco is New Hippest Tech Scene

Silicon Valley was once the only place to be for the world’s hippest tech firms.

It’s the region that gave birth to all-conquering behemoths like Google and Apple, after all.

But fast forward to 2015 and the playground of global technology has moved roughly 60 kilometers (37 miles) north to San Francisco.

“Information is the new currency and that currency is gushing through the streets of San Francisco,” said Alan Collenette, regional managing director of real estate firm Colliers International.

According to Collenette, firms like Twitter are relocating to the City by the Bay because it offers a more attractive lifestyle to talented employees.

“If you’re in your 20s (or) 30s, you want to live in a vibrant environment where you’re surrounded by like-minded people. Where there’s a lot of interesting cultural stuff to do,” Collenette said.

Read more: CNN International Move over Silicon Valley, San Francisco is new hippest tech scene

Move Over Silicon Valley
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