Technology

South Florida markets in top 5 for tech growth, CBRE report says

Magic Leap, based in Plantation, employs more than 800 people in South Florida.
Magic Leap, based in Plantation, employs more than 800 people in South Florida.

The Fort Lauderdale area ranked No. 2 and the Miami ranked No. 4 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth.

As part of its Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent, the report also found that Madison, WI, had the most tech hiring momentum. Salt Lake City and Kansas City, MO, rounded out the top five.

The report found that tech job growth job creation grew faster in the past two years (2015-2016) compared with the prior two-year period (2013-2014) in 28 of the 50 markets. The Miami area’s tech talent pool grew 22.8 percent from 2015 to 2016, up from 3.7 percent in 2013-2014, while Fort Lauderdale’s talent pool grew 21.3 percent, after falling 2.1 percent in 2013-2014, the report found. Contributing to that growth are companies such as Magic Leap, which employs about 800 people in Broward County, the majority of them hired in the last 18 months.

“South Florida has been working hard to establish itself as a hub for the technology industry, and it is exciting to see how quickly the industry is growing. South Florida is also a hot market for startups, and as demand for office space continues to increase, we are seeing more tech companies establish operations in South Florida,” said Shay Pope, CBRE’s senior vice president of advisory and transaction services.

To view the full report, visit Scoring Tech Talent in North America 2017. 

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