Austin eighth best market in tech talent Austin eighth best market in tech talent https://www.recenter.tamu.edu/news/newstalk-texas/?Item=171962017-07-21T05:00:00Z2017-07-21T16:00:00Z

​​​LOS ANGELES – Austin came in ​eighth on CBRE's annual Tech Talent Scorecard, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent.

The Capital City was the No. 5 most concentrated large market in terms of its tech labor pool as a percentage of its total labor pool, at 7.1 percent, with a tech talent pool of nearly 69,000, an increase of 28.3 percent from 2011 to 2016.

"With a rate of 48.3 percent, Austin ranked No. 7 among the top markets for educational attainment," according to a CBRE press release. "It stands out as a strong tech job creator and tech talent attractor, with more than 5,500 more tech jobs than graduates. Austin's millennial population grew 5.5 percent from 2010 to 2015, above the U.S. average of 4.6 percent."

The city's office vacancy rate decreased 6.9 percentage points to 9.5 percent from Q1 2012 to Q1 2017, demonstrating the demand for quality office space. ​

Dallas-Fort Worth was the only other Texas market in the top ten, ranking tenth.

Other markets in the top ten include No. 1 ​San Francisco Bay Area; No. 2 Seattle; No. 3 New York; No. 4 Washington, D.C.; No. 5 Atlanta; No. 6 ​​Toronto; No. 7 Raleigh-Durham, N.C.; and No. 9 Boston.​​
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