Seattle ranks among the most active tech markets in North America, bolstered by the city’s growth in tech employment and office lease rates, according to CBRE’s annual Tech-30 report.
Seattle had a 13 percent growth in tech jobs from 202-2022, as well as the fourth-largest office-rent gain in the country over that same time. Seattle’s Lake Union, the city’s premier tech submarket, ranked third among Tech-30 U.S. submarkets in net absorption gains and seventh in office-rent growth.
Seattle’s tech workforce of 179,552 people amounts to 33 percent of all office-using positions in the city. The market added the second most high-tech jobs in North America from 2021-22 by volume.
Other drivers of growth include tech companies claiming the majority of more than the $1 billion in venture capital funding awarded to Seattle companies in the first half of 2203, as well as the rapid rise of AI solutions and startups.