National + Office | July 14, 2022

Tech Sector Job Growth Rebounds from Pandemic

North American tech talent rebounded back from the pandemic to post job gains across most top markets in 2021, CBRE said in its annual Scoring Tech Talent report. However, the sector’s resilience will be tested again amid economic turmoil in 2022,

Overall, the U.S. added a net 136,000 tech talent jobs last year across established hubs including the Bay Area, New York and Seattle along with smaller markets like Nashville, Cleveland and California’s Inland Empire. Leading Canada’s tech talent growth are Toronto, Vancouver and Calgary, among others.

“Tech talent and the broader technology industry have time and again proven resilient amid economic cycles,” said Colin Yasukochi, executive director of CBRE’s Tech Insights Center. “We’ve seen in the past that, when the tech industry retrenches, companies tend to eliminate support jobs in favor of retaining their tech talent. Meanwhile, North American tech markets continue to produce innovations that draw customer demand.”

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Inside The Story

CBRE's Yasukochi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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