16 Apr DEMAND FOR TECH WORKERS IS DRIVING MOMENTUM IN DALLAS
According to a new CBRE Research report, “Scoring Tech Talent,” which ranks 50 U.S. markets according to their ability to attract and grow tech talent, Dallas ranks #11 on the list.
While established tech markets like San Francisco, Washington, D.C. and Seattle dominated the top spots on the “Tech Talent Scorecard,” many smaller, up-and-coming markets stood out as top “momentum markets” based on tech talent growth rates.
Oklahoma City and Nashville had a tech talent growth rate of 39 percent between 2010 and 2013, higher than Seattle (38 percent) and just below that of San Francisco (44 percent) and Baltimore (42 percent). Portland, OR, and Charlotte both saw tech talent growth rates of 28 percent, outpacing well-known tech markets like Austin (26.5 percent) and Silicon Valley (20.8 percent).
Dallas’ growth rate from 2010-2013 was 16.5 percent—higher than that of Los Angeles’.
“With such a labor-rich tech talent pool, Dallas is gaining a ton of momentum and attracting out of state technology companies looking to capitalize on lower wage and real estate costs,” said Clay Vaughn, vice president and one of the leaders of CBRE’s Tech and Media Practice group in Dallas. “If Dallas is not on everyone’s top 10 list now, it will be within five years.”
While it still may take a few years for massive corporations to take notice (seriously, when will they ever learn?) to those of us in the North Texas startup scene, none of this comes as a surprise. We’ve been at this for a while and know first-hand the incredible wealth of talent and opportunity the region offers.
The top 15 large markets on the Tech Talent Score Card (identified as markets with a talent pool above 50,000 tech professionals) are:
- Silicon Valley, CA
- Washington, DC
- San Francisco, CA
- San Francisco Peninsula, CA
- New York, NY
- Seattle, WA
- Boston, MA
- Baltimore, MD
- Austin, TX
- Atlanta, GA
- Dallas, TX
- Orange County, CA
- Chicago, IL
- Raleigh-Durham, NC
- Oakland, CA
To view the interactive report, please visit www.cbre.com/techtalent2015.
*Photo by Launch DFW Contributing Photographer, Taj Shahrukh. http://taj-gold.com/.