2020 Tech-30 Expert Roundtable
- Vancouver, San Francisco, Austin, Seattle and New York were the top five markets for tech job growth in 2018 and 2019.
- Tech companies continue to expand beyond their headquarters markets, led by San Francisco Bay Area-based tech companies that have signed more than 30 million sq. ft. of office leases in 10 other markets since 2013.
- Sublease space offerings in Tech-30 markets have increased by 42% or 27 million sq. ft. from year-end 2019 to August 2020, and tenant demand has been cut in half.
- The seven most resilient tech markets best poised for future growth are Silicon Valley, Washington, D.C., Vancouver, Atlanta, Dallas/Ft. Worth, Raleigh-Durham, and San Diego.
- The extraordinary rise of the Nasdaq Index since March indicates tremendous future earnings potential for the tech industry despite some recent volatility.
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