Total tech occupations grew 9.7 percent from 2013 to 2018 in Newark, New Jersey according to CBRE’s annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. The CBRE report ranks Newark as a top east coast market with more than 53,000 tech jobs, most in software development, computer programming and database system management.
Tech labor concentration – or the percentage of total employment – is an influential factor in how “tech-centric” the market is and its growth potential. The top five markets for tech talent in 2019 were the San Francisco Bay Area, Seattle, Toronto, Washington, D.C., and New York, all large markets with a tech labor pool of more than 150,000.
The Tech Talent Scorecard is determined based on 13 unique metrics, including tech talent supply, gender diversity, growth, concentration, cost, completed tech degrees, industry outlook for job growth, and market outlook for both office and apartment rent cost growth.
Newark stood out in the report in a number of other key areas:
“Newark has the ideal combination of a highly educated and talented workforce, and is conveniently located in proximity to Manhattan,” said Dudley Ryan, Senior Vice President, CBRE. “As one of the top east coast tech hubs and the largest port on the east coast, second only to the west coast’s Port of Los Angeles, Newark’s technology sector is well positioned for growth in both technology and logistics.”
Top 10 tech talent markets:
|1||SF Bay Area, CA||84.79|
|5||New York, NY||65.12|
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