The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 29, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



WHAT'S NEW
Printer-friendly Version   Email an Associate
SF Bay Area Ranked the 'Top Tech City' in North America

8/17/22

This summary on the San Francisco Bay Area’s tech market was provided by Robert Sammons, Research Director, Cushman & Wakefield

The region surrounding the San Francisco Bay remains the epicenter of the technology industry. It is homebase to some of the most powerful–and profitable–companies in the world, including multiple locations across the region for Alphabet (Google) with 40,000+ local employees (4.2% growth over past 12 months), Apple with 25,000+ local employees (4.0% growth) and Facebook with 17,000+ local employees (8.3% growth). Beyond those behemoths are many other homegrown public and private companies on both the hardware and software sides in a wide variety of industry verticals.

There have been a variety of factors that have contributed to the strength of this market over the years, including the sheer depth of talent. That is derived in many respects from the local universities where many of the founders of the local technology companies graduated or at least attended for a time. Those include UC Berkeley (42,000 students), Stanford University (16,900), UC San Francisco (3,300), San Francisco State University (29,600) and UC Davis (35,200). The regional impact has been exponential—those that started their careers at the tech giants left to start their own companies, the venture capitalists were local and it was incumbent on them to keep their start-ups in the Bay Area, at least initially. In short, well-funded companies are still being created here at a faster pace than anywhere else and there is significant money flowing into the companies themselves and into the local economy.

Quality of Life

The cost of doing business, the cost of living and a strained labor force are all issues the region has struggled with for years; in fact, it has caused several high-profile companies to move their HQs though still maintaining a significant footprint in the region. The Bay Area is made up of several urban nodes surrounded by rather dense suburbs all connected via mass transit (Caltrain, BART and others) and of course numerous freeways. The region is quite large geographically and near or surrounded by water as well as mountains. The temperate climate lends itself to numerous outdoor activities.

Tech Real Estate

Many of the big tech players maintain a significant presence in Silicon Valley (Santa Clara County) and the Peninsula (San Mateo County) which is a more suburban environment. Most of those companies along with numerous startups (VC-backed) also have offices in the more urban environment of San Francisco as much of the talent has had more of a desire to live in the city and its transit-oriented environment along with a wide variety of major cultural institutions and a large selection of bars and restaurants. Due to the cost of living and doing business, some of those companies and their employees have migrated to Oakland in the East Bay to work and live.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media