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Austin rises up rankings of top tech job markets in U.S. and Canada
(CC)

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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