Commercial real estate services firm CBRE has Vancouver and Austin neck-and-neck in terms of growth
Vancouver and Austin, Texas led job growth in the high-tech space in North America between 2021 and 2022, according to Commercial Real Estate Services .
“Vancouver’s 26.3 per cent growth in tech industry jobs in 2021 and 2022 was the only Canadian market to exceed the national high-tech job growth rate average of 15.7 per cent in 2020 and 2021,” the CBRE reports. Vancouver’s Broadway Corridor had the second highest “net absorption growth” of all tech submarkets between the third quarter of 2021 and second quarter of 2023, at 7.9 per cent, the report says.
The report notes that overall in North America, "mass layoffs across major technology companies in 2022 slowed tech industry employment growth, but it remained positive and is showing signs of rebounding."
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