CUSHMAN & WAKEFIELD: WHAT MAKES A CITY A “TECH CITY?”
Sign-Up for Free Energy, Facility, Power Newsletter (EFPN) newsletter
Throughout this and most other business cycles we hear that tech cities have outperformed other markets by virtually every relevant economic and commercial real estate (CRE) metric, including GDP, jobs, absorption, rents, and more. But what exactly is a tech city? After all, technology is everywhere. Almost all companies today use internet, cloud computing, social media, smart phones, and more advanced machinery and equipment. However, certain cities stand out.