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New York City's 394,300 tech talent jobs edged out the San Francisco Bay Area's 375,730, the first time NY has led in 13 years of CBRE analysis
New York City has surpassed the San Francisco Bay Area as the largest tech talent market by headcount in the U.S., according to CBRE's 13th annual Scoring Tech Talent report. New York's 394,300 tech talent jobs surpassed San Francisco's 375,730 — a milestone that marks the first time New York has claimed the top position in the history of CBRE's analysis.
The shift reflects two forces working in opposite directions: layoffs of non-AI tech workers in the Bay Area, and strong AI and finance-driven hiring in New York. "The story there is that there's been cuts in the Bay Area, so the tech industry has contracted the size of the tech talent workforce, and the finance sector [in New York] has hired a lot of tech talent and a lot of AI workers," Colin Yasukochi, who serves as executive director of CBRE's Tech Insights Center in San Francisco, told CNBC.
Despite New York's lead in overall tech headcount, San Francisco retains its position at the top of CBRE's indexed rankings, which weight 13 metrics including tech talent concentration, talent pipeline, and research and development investment. San Francisco scored 81.98 in that index, compared with New York Metro's 70.38. The top six ranked markets — San Francisco, Seattle, Toronto, New York Metro, Austin, and Washington, D.C. — held steady from last year.
