Tech staff are shifting — however the Bay Space and New York are nonetheless on prime

Data: CBRE; Diagram: Will Chase / Axios

There are emerging centers in the US and Canada that are pulling tech talent out of the superstar cities – but tech centers are sticking to their dominance, according to a new analysis by commercial real estate company CBRE.

The big picture: The pandemic has caused millions of people to move out of the cities, but it hasn’t been enough to displace places like the Bay Area and New York from the top spots to start tech companies.

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Between the lines: Of the top 10 markets – with tech talent pools well over 150,000 people – the metropolitan areas of San Francisco and Toronto have the highest workforce concentrations. About 11% of the workforce in the Bay Area are in the technology industry, and so is Toronto.

• Compare this to the concentrations of 3.8% and 3.7% in New York and Los Angeles, respectively.

• A high concentration of technicians can create a more innovation-friendly environment, says Colin Yasukochi, executive director of CBRE’s Tech Insights Center and author of this report.

Several cities – big and small – have seen tremendous increases in their tech talent pools over the past five years.

• Among the major metropolitan areas, Toronto’s pool grew 43%, Seattle’s 35%, and Montreal’s 31%.

• Among the small, Orlando, Florida saw a 30% increase; Nashville, Tennessee, 36%; and Edmonton, Canada, 53%.

Worthless: Three of the fastest growing cities are in Canada. As we have reported, in the age of Trump there was a steady “brain drain” from the US to Canada as Canada exploited US tough immigration policies to lure talent.

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