Skip to page content

Washington, D.C. Tech Hub Seen as Top Competitor to Silicon Valley, Report Says



In news most of us already knew already, Washington, D.C. is seen as the top emerging tech city after San Francisco and San Jose, according to Cusham & Wakefield's inaugural report.

The report released on Tuesday shows that D.C. is the third best tech city followed by the two Bay Area cities. Cushman & Wakefield ranked the top tech cities based on an index that includes job growth, income growth, net absorption of office space and rent growth over the past seven years. The Boston-Cambridge region ranks fourth and the Raleigh-Durham-Chapel Hill region comes in fifth.

Cushman & Wakfield attributes D.C.'s top ranking spot to its dominance of life sciences and government, saying that the region is a hot bed for entrepreneurs and tech workers who are looking to be close to policymakers and cybersecurity investments.

For many tech lovers and followers, the report's rankings might be a surprise. Traditionally dominant hubs like New York and Los Angeles are found as low as 15th and 18th, respectively, on the list. But a lack of skilled, available tech workers worries the firm, according to the report. And the high cost of living leaves Seattle, which is the home to Amazon, at the number 6 spot—despite being a region that usually dominates rankings.

Dig through the rankings yourself—

Full Report. 


Keep Digging

MG 0760Polo
Profiles
Soo Jeon Headshot (1)
Profiles
Jeff Berkowitz
Profiles
Damon Griggs Headshot July 2022 close up
Profiles
julio
Profiles

Want to stay ahead of who & what is next? Sent twice-a-week, the Beat is your definitive look at Washington, D.C.’s innovation economy, offering news, analysis & more on the people, companies & ideas driving your region forward.

Sign Up