Commercial

Tech Firms Continue to Seek Out New Markets for Expansion

As the U.S. economy continues to evolve, the high-tech sector is growing at four times the rate of the national economy and is expected to generate 9 million new jobs between 2012 and 2022, according to the U.S Bureau of Labor Statistics (BLS). And with stiff competition for talent in major existing tech hubs, including San Francisco and Seattle, tech companies are opening offices in new markets, according to Colin Yasukochi, director of research and analysis for Northern California with real estate services firm CBRE.

They are looking at cities that have a critical mass of STEM (science, technology, engineering and mathematics) talent and/or universities graduating significant numbers of STEM professionals.

Read Article at NREIOnline.com

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