Seattle is a top-performing tech market in North America, fueled by the city’s robust growth in tech employment and office lease rates. According to CBRE’s Tech-30 report, Seattle experienced a 13% increase in tech jobs from 2020 to 2022, making it one of the fastest-growing markets.
The city also saw the fourth-largest gain in office rent rates during this time period. Seattle’s premier tech submarket, Lake Union, ranked third among U.S. submarkets for net absorption gains and seventh for office rent growth.
With a total of 179,552 employees working in the tech industry, Seattle boasts an impressive workforce that accounts for 33% of all office-using positions within the city. In fact, it added more high-tech jobs than any other North American market between 2021 and 2022.
One key factor driving this growth is venture capital funding – with over $1 billion awarded to local companies during the first half of 2203 (omit mention). Additionally,the rapid emergence of AI solutions and startups has contributed significantly to Seattle’s thriving technology sector.
In summary,Tech Job Growth has solidified Seattle as one of North America’s leading hubs for technology innovation – Connect CRE
