Building a tech ecosystem: Phoenix moves up on CBRE’s 2021 national Scoring Tech Talent report
According to the new 2021 Scoring Tech Talent report from CBRE, Greater Phoenix is now ranked as the 17th best market for tech talent in North America, up one spot from its rank last year. The report also found that Phoenix has the 14th largest tech talent pool nationally with just over 98,000 tech workers, a labor force that’s grown 14.2% from 2015.
This is the ninth year of the Tech Talent report, which ranks the top 50 North American markets on their ability to attract and develop talent. The report specifically looks at 13 measures, including tech graduation rates, tech-job concentration, real estate costs and more. Arizona is attractive because of its weather, relatively cheap cost of living and its friendly business environment, all of which have helped the state grow in the past decade.
The Valley has long been home to established tech companies like Avnet, Insight, GoDaddy and scores of smaller companies have flocked here in recent years. Arizona, which has historically been defined by the real estate market, is also establishing itself as a semiconductor hub and a budding electric vehicle hub.
The CBRE report also ranks a secondary batch of 25 emerging tech markets and this year Tucson ranked No. 9. The home of UArizona and aerospace companies like Raytheon, Tucson previously ranked No. 1 on this list in 2019.
CBRE’s Scoring Tech Talent 2021 – Top 20 markets
- San Francisco Bay Area
- Seattle
- Washington, D.C.
- Toronto
- New York metro
- Boston
- Austin
- Atlanta
- Los Angeles / Orange County
- Ottawa
- Vancouver
- Denver
- Dallas / Fort Worth
- Raleigh-Durham
- Baltimore
- Montreal
- Phoenix
- Salt Lake City
- San Diego
- Portland
VISIT HERE to read the Phoenix Business Journal article in its entirety.