While Silicon Valley and San Francisco continue to dominate as leaders in the tech industry, San Diego appears to be making its mark.
America's Finest City ranked No. 9 on a list of the "Top 25 Tech Cities," according to a study published by Cushman & Wakefield, a global real estate services firm.
The study found that San Diego outranked Los Angeles, which holds the No. 18 spot, and Orange County, which came in at No. 20.
According to the report, cities were ranked based on a series of factors such as talent, capital, and growth opportunity.
In the report, Ken McCarthy, Principal Economist and Applied Research Lead, says “tech is in everything.”
“Basically every company today is a tech company in one way or another. We’re all using it; we’re using various aspects of tech companies to do various things,” McCarthy added.
Cities that hold the top five rankings are:
Local
1. San Jose (Silicon Valley)
2. San Francisco
3. Washington, D.C.
4. Boston/Cambridge, MA
5. Raleigh/Durham/Chapel Hill, NC
The report’s co-author and Regional Director, Robert Sammons, said that mass-transit issues and rising housing costs in San Francisco and San Jose had caused a tech spillover into secondary markets, such as San Diego.
Cushman & Wakefield said they conducted the study to gain better insight for its clients into existing and emerging tech centers that are driving much of today’s U.S. economy.
