Silicon Valley be warned: Montreal’s tech sector is on the rise, and it’s currently outpacing the likes of major North American tech hubs including the Los Angeles, Chicago, and Philadelphia, according to a new report.
CBRE has released its latest Scoring Tech Talent report and it revealed that Montreal has ranked in the top 15 for the North American tech talent, following the likes of the Dallas and Vancouver, respectively.
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CBRE states it calculates ranking scores using 13 unique metrics, including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for tech job growth, and market outlook for office and rental housing cost growth.
Top cities San Francisco, Seattle, and Toronto earned scores of 84.79, 73.82, and 69.88, respectively.
Montreal’s tech talent scorecard was 55.54, ranking just ahead of Baltimore and Salt Lake City.
According to the report, Montreal saw a 29.5% increase in total tech degrees since 2012, increasing employment growth to an impressive 130,200 tech-related jobs. Said jobs include Software Developers & Programmers, Computer Support, Database & Systems, and Computer & Information Systems Managers.
Elsewhere in Canada, Toronto took home the top Canadian spot and third place overall while Vancouver ranked 12th and Ottawa rounded out the Canadian markets at 19th.
CBRE Scoring Tech Talent 2019 ranking
- San Francisco
- Washington DC
- New York City
- Raleigh-Durham (NC)
- Dallas-Forth Worth
- Salt Lake City
- San Diego
- Los Angeles
- Madison (WI)
- Orange County
- Charlotte (NC)
You can find the full report here.