Scoring Tech Talent is a comprehensive analysis of labor market conditions, cost and quality in the U.S. and Canada for highly skilled tech workers. The top-50 markets were ranked according to their competitive advantages and appeal to both employers and tech talent. The analysis also provides insight into the quality of tech workers, their demographics and how tech talent growth patterns are impacting cities and real estate markets.

 

Key Takeaways

 

  • More than 6 million highly skilled workers across the U.S. and Canada comprise the tech talent that is leading global innovation. Lessening availability of tech talent in leading markets has spurred a spillover of hiring momentum in smaller and upstart markets in the U.S. and Canada as expanding tech employers seek additional labor pools.

 

  • Overall, big markets have continued to produce the largest volumes of jobs and tech degree graduates over the past five years, but several years of low unemployment rates have dampened the momentum of many leading tech talent markets. Partly as a result, smaller “Next 25” markets have absorbed an increased amount of tech-labor demand.

 

  • The high-tech industry has accounted for about 20% of major office-leasing activity in the U.S. since 2018—the most of any industry. This has left little available office space in many key large markets and pushed up rents to peak levels.