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Submission: On November 16 via api from US — Scanned from DE
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News PHOENIX CLIMBS IN CBRE'S ANNUAL TECH TALENT HUB RANKINGS Email Facebook Purchase article $395 Purchase a link to this subscriber-only article that allows anyone to view the content. or Facebook Some people may not have access to view the contents of the article. LinkedIn Purchase article $395 Purchase a link to this subscriber-only article that allows anyone to view the content. or LinkedIn Some people may not have access to view the contents of the article. Twitter Purchase article $395 Purchase a link to this subscriber-only article that allows anyone to view the content. or Twitter Some people may not have access to view the contents of the article. Share article Premium articles are viewable to subscribers only. Purchase this article to share — even with nonsubscribers. You’ll receive a unique, shortened link for emailing, social media or your website. Purchase article $395 EMAIL THIS × Premium articles are viewable to subscribers only. Purchase this article to share — even with nonsubscribers. You’ll receive a unique, shortened link for emailing, social media or your website. Purchase article $395 -------------------------------------------------------------------------------- text × To * Please provide a valid email address. Insert commas between addresses: email1@address.com, email2@address.com. Limit 5 From * Please provide a valid email address. Please enter your email Send me a copy Send Email -------------------------------------------------------------------------------- Phoenix is one of the top metros for tech talent, according to a new report. By Jeff Gifford - Digital Editor July 22, 2022, 07:45am MST -------------------------------------------------------------------------------- Among North America’s top tech talent hubs, Phoenix continues to gain strength. That’s what’s indicated by a report from real estate firm CBRE Group Inc., which found that the Phoenix metro is the No. 16 city overall for tech talent — up one spot from a year earlier. This Article Is For Members Only Create An Account To Continue Reading Tap into the ideas shaping and driving the U.S. innovation economy Free Membership Get Started Already have a membership? Sign in The report, which has been released annually during the past 10 years, ranked 50 metros in the U.S. and Canada based on depth, vitality, and attractiveness to tech companies and tech professionals. The metros in the 2022 Scoring Tech Talent ranking were those that had the largest numbers of tech professionals. Labor and real estate costs were also factors. Overall, 13 metrics were analyzed. CBRE pointed to strong tech talent job growth in the Valley, where the tech workforce grew by 18.3% — or 15,410 positions — from 2016 to 2021 to a total of 99,660. The report noted that the population of people in their 20s grew by 62,993, or 10.4%, and the population of people in their 30s grew by 64,248, or 10.7%, during the same period. The concentration of tech workers in the Phoenix market was 4.7%, which is below the 50-market average of 5.6%. Besides job growth, relative affordability was an important factor in Phoenix’s favor in the report. The Valley’s annual apartment rent amounted to 20% of the average tech talent wage, CBRE said, which is more affordable than 16 other cities in the rankings. PHOENIX TECH TALENT POOL CONTINUES TO GROW For employers, Phoenix was the 22nd most-expensive city among the top 50, with the average one-year cost for operating a 500-employee tech company out of a 75,000-square-foot space coming in a $45.6 million. “Despite the pandemic, the last few years have solidified the Phoenix metro area as a tech talent hub,” said Kevin Calihan with CBRE’s Tech & Media Practice in Phoenix, in a statement. “Phoenix’s tech talent pool is continuing to grow as companies are drawn to Arizona’s business-friendly climate, its ever-growing millennial population, and relatively lower cost of operating than most major markets.” Another highlight for the Valley was its educational market that is providing an abundance of tech talent for employers looking to expand. During the past five years, 26,380 students graduated with tech degrees while just 15,410 tech jobs were added. In another sign that there is room for expansion in the Valley, 33.7% of the tech talent workforce is working within the tech industry, the report said. Across North America, a net 136,000 tech talent jobs were added in 2021, the report found, with job growth and tech office leasing rebounding that year after a pandemic-induced slowdown in 2020. The top five metros for tech talent were the same between 2021 and 2022. They are: San Francisco Bay Area, Seattle, Toronto, Washington, D.C., and New York City. -------------------------------------------------------------------------------- KEEP DIGGING PHOENIX RANKS AMONG MOST RESILIENT CITIES ON THE PLANET PHOENIX DROPS AGAIN IN NATIONAL HOME PRICE GROWTH INDEX ARIZONA UNIVERSITIES IN THE TOP 20% OF GLOBAL INSTITUTION RANKINGS VALLEY'S STARTUP ECOSYSTEM GAINING STEAM AMONG WORLD MARKETS Inno Insights PHOENIX FALLS IN US NEWS BEST PLACES TO LIVE RANKINGS RECOMMENDED -------------------------------------------------------------------------------- TECHNOLOGY BY BOSTINNO INNO Salsify lays off 11% of its workforce -------------------------------------------------------------------------------- CAREER & WORKPLACE BY AZ INNO INNO Arizona ranks among better states for entrepreneurs, report says -------------------------------------------------------------------------------- GOVERNMENT & REGULATIONS BY PHOENIX BUSINESS JOURNAL TBJ Hobbs rallies supporters and states her priorities as Arizona governor -------------------------------------------------------------------------------- TECHNOLOGY BY WASHINGTON BUSINESS JOURNAL TBJ Lockheed Martin loses billions in stock value amid fake Twitter accounts, tweets -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SPOTLIGHTMORE See More PHOENIX INNOVATORS See More DEEP DIVES See More INNO AWARDS See More FUNDINGS THE BEAT Want to stay ahead of who & what is next? 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