SFCED | San Francisco Center for Economic Development


San Francisco Named Number 1 High-Tech Job Growth Market

Tech jobs grew four times faster than the national average, according to CBRE Research’s 2017 Tech-30 report.

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San Francisco was the top high-tech job growth market for the sixth year in a row with a 39.4 percent job growth from 2015 to 2016, or 22,367 tech jobs added.

Eight of the 10 largest leases in 2017 were by tech tenants, and large requirements from tech companies make up a significant amount of current demand with multiple active requirements of more than 100,000 square feet. San Francisco large office construction projects will add 6.6 million square feet to the market and are largely pre-leased by tech companies.

 

 

Read more: Institutional Real Estate, Inc San Francisco Named Number 1 High-Tech Job Growth Market