Vancouver’s tech talent 12th ranking in North America

Major Canadian cities continue to grow in importance as technology hubs, and a few smaller markets are emerging to join them, according to CBRE’s 2019 Scoring Tech Talent report which ranks the top 50 markets in North America. “It’s a combination of factors, including high educational attainment, overall size of the tech markets and tech labour concentration, which is the measure of how ‘tech’ a market is,” CBRE Canada vice-chairman Paul Morassutti told RENX. “A sizeable concentration of highly skilled tech workers offers an environment conducive to collaboration and innovation and leads to tightly integrated ecosystems. “Another big factor is that Canada has attractive immigration policies that make it easier to hire foreign skilled workers, versus the immigration rhetoric coming out of the U.S., which, quite frankly, is to Canada’s benefit.” Vancouver’s ranking rose by 13 spots to achieve the greatest year-over-year improvement of any North American market, and it now sits at number 12. The city registered 42.6 per cent growth in tech jobs over the past five years. “Vancouver has a skilled workforce that wants to live there, availability of jobs, and the two biggest expenses for operating a tech firm — wages and rent — are significantly lower in Vancouver compared to other cities,” said Morassutti. “Vancouver also benefits from the pool of tech-centric graduates coming from the B.C. Institute of Technology and University of British Columbia, and its proximity to established tech strongholds like Seattle and San Francisco.” While Vancouver is smaller than many other technology hubs, Morassutti believes it has enough going for it that its momentum should continue to build. The biggest tech lease signed this year in Vancouver is Amazon taking 416,000 square feet as part of the Canada Post building redevelopment at 349 W. Georgia St. Kabam took 105,000 square feet at 753 Seymour St.

CBRE Scoring Tech Talent 2019 ranking
  1. San Francisco
  2. Seattle
  3. Toronto
  4. Washington DC
  5. New York City
  6. Austin
  7. Boston
  8. Denver
  9. Atlanta
  10. Raleigh-Durham (NC)
  11. Dallas-Forth Worth
  12. Vancouver
  13. Montreal
  14. Baltimore
  15. Salt Lake City
  16. Portland
  17. Minneapolis
  18. San Diego
  19. Ottawa
  20. Phoenix
  21. Chicago
  22. Philadelphia
  23. Los Angeles
  24. Detroit
  25. Madison (WI)
  26. Orange County
  27. Columbus
  28. Newark
  29. Tampa
  30. Charlotte (NC)

Canadian Press

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