Cushman & Wakefield, one of the world’s largest real estate firms, launched a new report identifying America’s top tech cities. An anonymous reader quotes their report:
Washington, DC has emerged as the promising tech city center after San Jose (Silicon Valley) and San Francisco… A dominating hub for life sciences and government, Washington, DC also serves as a significant outpost for tech companies seeking proximity to policymakers as well as for burgeoning cyber-security investment. The top 25 tech cities were determined by analyzing the concentration of factors such as talent, capital, and growth opportunity — the key ingredients that comprise a tech stew. The heartiest of these tech epicenters are: 1. San Jose, CA (Silicon Valley); 2. San Francisco, CA; 3. Washington, DC; 4. Boston/Cambridge, MA; and 5. Raleigh/Durham/Chapel Hill, NC…
Report co-author and Regional Director, Northwest U.S. Research at Cushman & Wakefield, in San Francisco, Robert Sammons, said that while it was not surprising to see San Jose (Silicon Valley) and San Francisco continue to dominate, that mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets such as Austin (no. 7), Denver (no. 8), San Diego (no. 9), and Salt Lake City (no. 24)… Mr. Sammons cited cost-of-living in Seattle (no. 6) as a lingering issue, somewhat mitigated by a recent uptick in residential development that’s outpacing San Francisco’s, as well as mass transit challenges.
There’s also several cities in the Midwest among the top tech cities, including Madison, Wisconsin (no. 10), Minneapolis/St. Paul, Minnesota (no. 11), Indianapolis, Indiana (no. 23), and Nashville, Tennessee (no. 25).
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