Source: Thinkstock
Market Stadium analyzed the MSA (Metropolitan Statistical Area)-level numbers of Tech Talent based on BLS categorization and compared it with the CBRE's city-level ranking. The cities in the final list came out similar except for Denver which was ranked 14th based on Market Stadium analysis.
Top 10 CBRE Tech Talent Labor Pools (2020) in the US
- Large Tech Talent Markets (>50,000 Labor Pool)
San Francisco Bay Area
New York Metro
Washington D.C.
Los Angeles/Orange Co.
Dallas/Ft. Worth
Seattle
Boston
Chicago
Atlanta
Denver
Here are the results from CBRE's top 10 Tech Talent Labor Pools in the year 2020. There was no surprise as San Francisco with Silicon Valley marked the top, followed by other metropolises including New York and Washington D.C.
Market Stadium Top 10 Tech Talent Rank by MSA (Q3 2021)
New York-Newark-Jersey City, NY-NJ-PA
Los Angeles-Long Beach-Anaheim, CA
Washington-Arlington-Alexandria, DC-VA-MD-WV
San Francisco-Oakland-Berkeley, CA
Seattle-Tacoma-Bellevue, WA
Dallas-Fort Worth-Arlington, TX
Boston-Cambridge-Newton, MA-NH
San Jose-Sunnyvale-Santa Clara, CA
San Diego-Chula Vista-Carlsbad, CA
Atlanta-Sandy Springs-Alpharetta, GA
Market Stadium's ranking was slightly different because the analysis was based on MSA-level. It came out that New York-Newark-Jersey City MSA had the most numbers of tech talent, followed by Los-Angeles-Long Beach-Anaheim, CA. San Francisco-Oakland-Berkeley MSA was ranked 4th on the list.
In addition, Market Stadium data team conducted a correlation analysis between high-tech employees & housing value. The correlation between the two variables is over 60% which explains there is a high correlation between these two factors.
Market Stadium data team also performed a forecast of high-tech employees for the next 3 years between 2021-2024 and here is the list of Top 20 MSAs with the best forecast of High-tech employees. Interestingly, Huntington-Ashland MSA marked the top on the list and it also was at the top of the ranking for Public School Ratings https://www.marketstadium.com/post/do-better-public-school-matter
Top 20 High-tech Potential Growth MSAs for the next 3 years (2021-2024)
Huntington-Ashland, WV-KY-OH
New York-Newark-Jersey City, NY-NJ-PA
Columbia, MO
College Station-Bryan, TX
Midland, TX
Odessa, TX
Memphis, TN-MS-AR
Greenville, NC
Gainesville, GA
Nashville-Davidson--Murfreesboro--Franklin, TN
Jackson, MS
San Angelo, TX
Jacksonville, FL
Las Vegas-Henderson-Paradise, NV
Savannah, GA
Knoxville, TN
Kansas City, MO-KS
Greenville-Anderson, SC
Chattanooga, TN-GA
Santa Fe, NM
Below describes BLS categorization for High-tech talent which Market Stadium referenced.
Market Stadium Tech Talent Category referenced by BLS
Pharmaceutical and medicine manufacturing
Scientific R&D services
Navigational, measuring, electromedical, and control instrument manufacturing
Pharmaceutical and medicine manufacturing
Computer and peripheral equipment manufacturing
Semiconductor and other electronic component manufacturing
Computer and peripheral equipment manufacturing
Communications equipment manufacturing
Software publishers
Computer systems design and related services
Industrial machinery manufacturing
Metalworking machinery manufacturing
Manufacturing and reproducing magnetic and optical media
Other electrical equipment and component
Aerospace product and parts manufacturing
Other fabricated metal products manufacturing
Boiler, tank, and shipping container manufacturing
Basic chemical manufacturing
Dennis Lee
CEO of Market Stadium
Previous Lionstone Investments Research Team
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