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Seattle & Northwest  + Seattle  + Office  |  November 21, 2023
Jasmine Kilman
By: Jasmine Kilman

Tech Job Growth Puts Seattle on List of Leading Tech Hubs

Seattle ranks among the most active tech markets in North America, bolstered by the city’s growth in tech employment and office lease rates, according to CBRE’s annual Tech-30 report.

Seattle had a 13 percent growth in tech jobs from 2021 to 2022, as well as the fourth-largest office-rent gain in the country over that same time. Seattle’s Lake Union, the city’s premier tech submarket, ranked third among Tech-30 U.S. submarkets in net absorption gains and seventh in office-rent growth.

Seattle’s tech workforce of 179,552 people amounts to 33 percent of all office-using positions in the city. The market added the second most high-tech jobs in North America from 2021 to 2022 by volume.

Other drivers of growth include tech companies claiming the majority of more than the $1 billion in venture capital funding awarded to Seattle companies in the first half of 2023, as well as the rapid rise of AI solutions and startups.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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