New York’s office market is home to the most tech workers: CBRE report

It’s a pretty simple explanation.

Bay Area does not have much industry outside of tech. New York City is a hub for banking, investing, insurance, government, healthcare, consulting, real estate, fashion, law and more. All of these are now increasingly hiring tech workers directly and also retraining and transitioning their existing workforce to be more technical.

So just by numbers alone Bay Area will never maintain a monopoly on tech jobs, especially considering the NYC employment market is several times the size. However if you just filter to the tech sector the numbers will be very different.

You just can't live in the Bay anymore, that's all there is to it. It'd be great if you could. But anything within a 2 hour commute requires a minimum of $200k salary to survive, let alone get ahead. Unless you're inheriting your parents house or piling into a roommate situation, it's just completely undoable over the long term. Compare this to NYC which has innumerable options when it comes to suburbs, with better transit, lower taxes, reasonably priced homes, and far greater apartment options. I don't see how SF ends up as anything but a place for raising capital in the future. The (true) middle class tech worker dream is dead and gone there.

...when including government employees and finance workers in the count of tech workers....because they use technology in their jobs.

By that definition they use, the leader in "tech" employment is simply the metro with the most employees.

I will keep repeating this and I will keep getting downvoted for that.

You can't out-build yourself out of high living costs.

The only way to fix this is to start taxing dense office space as if it's toxic waste sites. And promote remote work to re-invigorate smaller cities.

Anybody have a link to the report? We can put it in the toptext if so