Austin may be cementing its place among North America’s top tech cities, according to new research from commercial real estate firm CBRE.
Each year, CBRE ranks markets on various factors such as tech job growth, wages, wage-to-rent ratio, number of residents with tech degrees and more. In recent years, Austin has maintained its position as a top 10 market for tech jobs in North America.
From 2017 to 2018 the city climbed from a No. 8 ranking to a No. 6 ranking, according to the report.
Despite affordability concerns in both commercial and residential real estate, Austin remains relatively attractive to companies when compared to other major tech markets such as The Bay Area in California and Boston, Massachusetts, said Erin Morales, Senior Vice President in CBRE’s Austin office.