Tech Job Growth Puts Seattle on List of Leading Tech Hubs
Seattle ranks among the most active tech markets in North America, bolstered by the city’s growth in tech employment and office lease rates, according to CBRE’s annual Tech-30 report.
Seattle had a 13 percent growth in tech jobs from 202-2022, as well as the fourth-largest office-rent gain in the country over that same time. Seattle’s Lake Union, the city’s premier tech submarket, ranked third among Tech-30 U.S. submarkets in net absorption gains and seventh in office-rent growth.
Seattle’s tech workforce of 179,552 people amounts to 33 percent of all office-using positions in the city. The market added the second most high-tech jobs in North America from 2021-22 by volume.
Other drivers of growth include tech companies claiming the majority of more than the $1 billion in venture capital funding awarded to Seattle companies in the first half of 2203, as well as the rapid rise of AI solutions and startups.