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NYC Leads for Producing New Tech Talent
The nation’s second-largest tech labor market in the country behind the San Francisco Bay Area, New York City is also the #1 market for producing the highest volume of technology talent on an annual basis, CBRE says.
Tech degree completions at New York City universities totaled 14,800 in 2018, up 56.2% from five years before. Adding tech-degree grads in Long Island and Newark, the larger tri-state region’s collective output of 20,500 tech graduates in 2018 is a 55.2% increase over 2014.
“Technology firms have leased 1.1 million square feet of new space in New York City since the beginning of 2020, including 509,000 square feet of space since early March, when COVID-19 arrived,” said Nicole LaRusso, CBRE director of research & analysis for the Tri-State region. “The driving force in behind this leasing has been access to the highly skilled labor force needed to power the tech industry’s growth.”
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- ◦Economy
