THE WHY
TALENT
ECOSYSTEM
GROWTH
RESOURCES
Digital Transformation Connecting Businesses & Tech Attract & Grow Existing Tech Market Tech Hub
Overview
The tech industry is the fastest- growing sector of today’s economy. During the past decade, high-tech software and service companies grew at a rate far surpassing other industry sectors. Most of the 1,000 companies deemed “unicorns” —businesses valued at $1 billion or more—are involved in the tech sector. Fintech, internet software and services, and e-commerce comprise half of the so-called “herd” as of February 2022. 1 Furthermore, tech firms consistently drive venture capital deal flow with fields including cybersecurity, healthtech, and fintech expected to lead deal activity for years ahead. 2 Seattle 6.6 MSF San Fransico Bay Area 0.6 MSF
Health Silicon Valley Expansion Across US According to research by CBRE, these tech companies are increasingly expanding outside their traditional headquarters along the coasts and into new tech markets. Bay Area companies signed leases totaling more than 35 million square feet in 10 non-Bay Area markets between 2013 and 2021. Auto & Transportation
Travel
Edtech
Fintech
Data Management & Analysis
2022
Artificial Intelligence
TOP 50 Most Valuable Unicorn Companies By Industry Boston 2.0 MSF New York 8.1 MSF Washington, D.C. 1.6 MSF | 0.4 MSF
Consumer & Retail
Internet Software & Services
Chicago 2.6 MSF | 0.4 MSF
Denver 2.1 MSF
Hardware
Supply Chain Logistics & Delivery
Southern California 7.0 MSF
Phoenix 1.2 MSF
1.8 MSF Atlanta
Austin 2.4 MSF
E-Commerce & Direct-to-Consumer
Other
Tech Company Expansion into Diversified US Markets Plus-Circle
1 CBInsights. “1000 Unicorn List” Click To View
Source: CBRE Tech 30 2021
2 KPMG Venture Pulse Q1 2022.
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