Tech Accounts for 22 Percent of Office Leasing Activity in North America
Up from 17 percent share in 2020

Based on CBRE`s latest annual Tech-30 Report, the tech industry led a rebound in U.S. office-leasing activity in 2021, fueled by increased hiring and demand for tech products and services. Tech companies claimed a 22 percent share of U.S. office-leasing activity in the second and third quarters combined, up from 17 percent for all of 2020.

This year, tech companies` office leasing activity increased by 122 percent on average in the second and third quarters, compared to the first. In addition, more than two thirds of the top 30 North American tech markets registered office-rent growth from the second quarter of 2019....

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RSK: Madison, although a 3rd tier city, is ripe for more of this. We have the educated work force and can draw in even more talent if needed.



- - Volume: 9 - WEEK: 47 Date: 11/16/2021 11:47:33 AM -