Atlanta has emerged No. 17 within the top 25 U.S. tech cities, with San Jose (Silicon Valley) and San Francisco capturing the first and second spots respectively, according to Cushman & Wakefield’s inaugural “Tech Cities 1.0” national report.
“Venture capital activity and critical re-investment in Atlanta’s ecosystem has been on the rise over the past few years, but it has been re-investment from exits like AirWatch, Pardot and QGenda that have in some ways literally grown the ecosystem,” said Lawrence Gellerstedt, Director and Southeast Leader of Cushman & Wakefield’s Technology Practice Group.
“David Cummings, former CEO of Pardot, and Greg Benoit, CEO of QGenda, have taken money from their success and reinvested it in buildings that are adjacent to each other that house new companies, some of which they invest in directly,” he continued. “Atlanta has also leveraged the large number of banking and payment processing companies, a growing southeast healthcare capability, and government and private coding talent.”
The top 25 tech cities were determined by analyzing the concentration of factors such as talent, capital, and growth opportunity – the key ingredients that comprise a tech stew. The heartiest of these tech epicenters are: 1. San Jose, California (Silicon Valley); 2. San Francisco, California; 3. Washington, D.C.; 4. Boston/Cambridge, and 5. Raleigh/Durham/Chapel Hill, North Carolina.
Cushman & Wakefield created the “Tech Cities 1.0” report to provide greater insight for its clients and industry stakeholders into existing and emerging tech centers that are driving much of today’s U.S. economy.
“As technology begins to take over, it’s not just startups looking for talent, but also some of the largest companies that know they have to innovate to keep up. Higher education institutions such as Kennesaw State, Emory University, and Georgia State have created incubator programs and entrepreneurship curricula. The epicenter remains focused around Georgia Tech, which has been a leader in the space for decades and was recently ranked as having the sixth most graduates working in Silicon Valley companies and fourth most desired graduates in the country,” Gellerstedt added.
To download the report, click here.