Boise Named Top City for Tech Talent Growth, Ranking #20 on CBRE’s Annual List of Up-and-Coming Tech Markets

14 Jul 2021

Tech Talent 2

Boise ranked #20 on CBRE’s list of up-and-coming North American tech talent markets on CBRE’s annual Scoring Tech Talent report, which ranks 75 U.S. and Canadian markets according to their ability to attract and grow tech talent. Boise’s total tech employment has grown by 41 percent in the past five years and its tech wages increased by 10 percent.

The report found that most of these emerging tech markets were concentrated in the Midwest and South and had expanded their tech talent growth by double digit percentages in the past five years.

These up-and-coming markets are separate from the 50 larger tech markets that CBRE’s report ranks in its Tech Talent Scorecard. In contrast, the ‘Next 25’ up-and-coming markets are ranked by a narrower set of criteria than the top 50, including tech talent supply, wages, tech-talent concentration, recent tech talent growth rates and their outlook.

Numerous indicators underscore the resilience of tech talent during COVID-19. These occupations registered job growth of 0.8 percent in 2020 in the U.S. while non-tech occupations declined by 5.5 percent. Software developers and programmers were the most in demand tech-job category last year, adding 85,000 U.S. jobs for a 4.8 percent growth rate from a year earlier. Beyond the tech industry itself, those that added tech workers last year include financial activities, professional & business services, and government.

The leaderboard of the ‘Next 25’ markets is filled with markets that have posted double-digit growth in tech jobs since 2013.

Boise also stood out in the report in other key areas:
• Overall, tech wages averaged $80,476 in Boise last year, an increase of 10% over the past five years. The narrower category of software-developer wages averaged $89,977, up 31.3 percent over the past five years.
• Tech degree completions in Boise totaled 690 in 2019.
• Boise’s overall tech workforce totaled 12,680 in 2020, up 41 percent since 2015.

To download the report, click here.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.