By Mike Kirner, Senior Marketing Associate, NorCal
Breaking News: Silicon Valley is Top Dog
Cushman & Wakefield’s Principal Economist Ken McCarthy and Regional Director, Northwest U.S. Robert Sammons have co-authored an in depth research report ranking the top 25 tech cities in the country. The report has been covered widely by top tier press, as well as online tech and business publications. Scroll down for press coverage.
McCarthy and Sammons spent six months putting together this inaugural tech report, which analyzed factors such as talent, capital and growth opportunity.
Even somebody who does not follow today’s tech scene could likely predict that Silicon Valley, the birthplace of Steve Jobs, Apple, Hewlett Packard, Instagram, Youtube, Google, Linkedin, Uber, Facebook and countless other innovative tech brands leads the way as the undisputed #1 tech hub.
“We’re Number 2”
San Francisco, a mere 40 miles to the north of Silicon Valley and bustling with non – stop Central Business District activity has been ranked as the number 2 Tech City.
Many Silicon Valley companies have considered or already have opened branches in San Francisco, due to the workforce demographics and its reputation for being a really cool, albeit expensive place to live.
The report also features less obvious choices such as Washington DC (no. 3) and Madison Wisconsin (no. 10). Other rankings included Austin (no. 7), Denver (no. 8), San Diego (no. 9), and Salt Lake City (no. 24).
Robert Sammons said that although it was not surprising to see San Jose (Silicon Valley) and San Francisco continue to dominate, mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets.
National Press Coverage
A bevy of business and tech trade journals across America have written about the report. From the LA Times to the Kansas City Business Journal; from Multifamily News to Globe Street; from Utah Business to the Dallas Chamber of Commerce; from yahoo finance to google news, the report has enjoyed a veritable tidal wave of coverage.
According to Robert Sammons:
“What I like particularly about the media results for this report is that it has generated civil and reflective online dialogue between both large and small cities, editors and reporters addressing specific findings and rankings. We welcome input, suggestions and sharing of points of view. Like tech itself, Cushman & Wakefield is constantly updating, refreshing, re-inventing and re-evaluating our empirical research in an effort to provide useful information and boldly pave the way for consistent and relevant thought leadership .”
Below is an eclectic assortment of some of the articles featuring Tech 1.0 rankings and report data.
Washington Business Journal