CBRE: Tech talent, Millennials rising on LI

Higher and hire: Available tech-savvy talent on Long Island is rising fast, according to real estate giant CBRE.

Long Island’s pool of potential technology workers grew by almost 25 percent in the last five years, according to the annual Scoring Tech Talent Report just out from real estate giant CBRE Inc.

The report ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. Overall employment in the sector increased by 56 percent in those markets between 2011 and 2016, CBRE reported.

The New York metro area was the top region in the nation for tech-degree completions between 2014 and 2015, according to the report. Although they are not necessarily linked directly to technology jobs, millennial-aged workers on Long Island increased by 8.7 percent from 2010 to 2015, nearly double the U.S. average of 4.6 percent.

“This year’s report shows the top 10 markets for momentum, all moderately priced, grew at least 10 percent faster during the recent two-year period,” said Colin Yasukochi, director of research and analysis for CBRE and the report’s author.

“Tech employment growth has a multiplier effect that positively impacts economic growth, which in turn can have an immense impact on commercial real estate,” Yasukochi added.


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