In the recent study "Scoring Tech Talent in North America 2018" conducted by CBRE Group, Inc. the team analyzed top-ranked and momentum tech talent markets. Those investors thinking to diversify their holdings into real estate might pay special attention to the results of this study. Indeed, it is well known that tech companies produce a lot of wealthy young individuals – and they tend to spend part of their fortune on buying real estate. An obvious conclusion – try to investigate real estate markets with significant presence or growth of the tech talent.
The first place is of no surprise to anybody -SF Bay Area. The second place goes to Seattle – again not very surprising. The next several winners are not so obvious: in the decreasing order, they are Washington D.C., Toronto, New York and Austin. The last place goes to…Miami. To quantify these rankings, they also looked at the number of top-ranked tech talent (clearly, the numbers are important as well): the first place belongs to SF Bay Area with 329,900 employees considered to be in this category. The next few are New York (254,300), Washington D.C. (248,200), Toronto (241,400) and Dallas/Ft. Worth (160,800).
Finally, what is the average salary of tech talent? In SF Bay Area it is $125,400. Next is Seattle with $117,300 and New York - $112,600.