Tech markets are growing like crazy. And not just in Silicon Valley, either—tech-talent is exploding from Charlotte, NC, to Madison, WI. Millennials are driving much of this growth, and their preferences in workplace and community are leaving marks on commercial real estate nationwide.
Despite fears that Silicon Valley and the tech boom are slowing down, tech jobs have grown by over 27% in the US over the last five years, according to CBRE’s 2016 Scoring Tech Talent report. Among the largest markets, the San Francisco Bay Area experienced the highest growth at 61.5% with Baltimore just a fraction behind. The top small tech markets grew even quicker—Charlotte, NC, saw job explosion at over 74% while Nashville came in at just under 68%.