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Real Estate Firm Identifies America's 'Top 25 Tech Cities' (cushmanwakefield.com)
Cushman & Wakefield, one of the world's largest real estate firms, launched a new report identifying America's top tech cities. An anonymous reader quotes their report:
Washington, DC has emerged as the promising tech city center after San Jose (Silicon Valley) and San Francisco... A dominating hub for life sciences and government, Washington, DC also serves as a significant outpost for tech companies seeking proximity to policymakers as well as for burgeoning cyber-security investment. The top 25 tech cities were determined by analyzing the concentration of factors such as talent, capital, and growth opportunity -- the key ingredients that comprise a tech stew. The heartiest of these tech epicenters are: 1. San Jose, CA (Silicon Valley); 2. San Francisco, CA; 3. Washington, DC; 4. Boston/Cambridge, MA; and 5. Raleigh/Durham/Chapel Hill, NC...
Report co-author and Regional Director, Northwest U.S. Research at Cushman & Wakefield, in San Francisco, Robert Sammons, said that while it was not surprising to see San Jose (Silicon Valley) and San Francisco continue to dominate, that mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets such as Austin (no. 7), Denver (no. 8), San Diego (no. 9), and Salt Lake City (no. 24)... Mr. Sammons cited cost-of-living in Seattle (no. 6) as a lingering issue, somewhat mitigated by a recent uptick in residential development that's outpacing San Francisco's, as well as mass transit challenges.
There's also several cities in the Midwest among the top tech cities, including Madison, Wisconsin (no. 10), Minneapolis/St. Paul, Minnesota (no. 11), Indianapolis, Indiana (no. 23), and Nashville, Tennessee (no. 25).
Report co-author and Regional Director, Northwest U.S. Research at Cushman & Wakefield, in San Francisco, Robert Sammons, said that while it was not surprising to see San Jose (Silicon Valley) and San Francisco continue to dominate, that mass-transit issues and escalating housing costs in those areas have fanned a tech spillover into secondary markets such as Austin (no. 7), Denver (no. 8), San Diego (no. 9), and Salt Lake City (no. 24)... Mr. Sammons cited cost-of-living in Seattle (no. 6) as a lingering issue, somewhat mitigated by a recent uptick in residential development that's outpacing San Francisco's, as well as mass transit challenges.
There's also several cities in the Midwest among the top tech cities, including Madison, Wisconsin (no. 10), Minneapolis/St. Paul, Minnesota (no. 11), Indianapolis, Indiana (no. 23), and Nashville, Tennessee (no. 25).
There seems to be some confusion about what the word 'tech' means. We've long ago reduced machinery to a lesser category, however new and clever it might be. For some reason tech is now synonymous with digital electronics and sometimes the software that makes it function, even though there is almost nothing new in these areas in recent decades. Faster, smaller, yadda...
It might be worthwhile to remember that biotechnology has discovered and engineered much that is new in recent decades. Knowledge in this field is increasing at a far greater rate than any other 'tech' area. Not only that but, while electronic gadgets are fun, biotech is far more likely to save your life. Let's have some respect for the work of others.
The hotbeds of innovation are then San Diego and Boston and a few others around the globe (the US doesn't have a monopoly on *this* tech).
...omphaloskepsis often...