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Google leased office space in downtown Austin in 2019.

Chances are, if you moved to Austin in the past two years, it was probably for a tech job.


Only Vancouver and San Francisco topped Austin in the latest tech market rankings released Thursday from CBRE, a commercial real estate services firm. Austin tech jobs grew by 22.9% in 2018-19, topping Seattle and New York City to round out the top 5 tech markets in the U.S. and Canada.

CBRE

Austin also ranked in the top 10 for office market rental growth from mid-2018 to mid-2020, growing 9.1% in that time.

Last year, Austin placed fifth on CBRE's Tech-30 list with a similar growth rate of 22.5%. Here are other takeaways from CBRE's annual technology jobs report:

    • 11,857 Austin tech jobs were created 2018-19. In total, 63,663 people were employed in the high-tech software and services fields in 2019.
    • 22.6% of Austin office jobs were in the technology sector in 2019.
    • $102,586 is the typical salary for an Austin software engineer.
    • Northwest Austin was the top tech submarket locally and the 23rd fastest-growing submarket the past two years in U.S. and Canada, with 3.3% tech office growth.
    • 6.5 million square feet is how much office supply is under construction in Austin, with another 1.9 million square feet available to sublease.
    • The Dallas-Fort Worth metroplex was the only other Texas market to rank among top tech markets at #7.

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