Portland’s tech boom backed by report

The city’s tech talent pool grew 28 percent between 2010 and 2013, outpacing Silicon Valley, Austin and Los Angeles.

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The pool of technology talent in Portland grew 28 percent — outpacing Silicon Valley, Austin and Los Angeles — between 2010 and 2013.

San Francisco had a 44 percent increase during that time period, while Seattle registered a 38 percent jump.

In a written statement, real estate firm CBRE director of research and analysis Colin Yasukochi said: “Tech talent growth rates are the best indicator of labor pool momentum and it’s easily quantifiable to identify markets where demand for tech workers has surged. Tech talent growth, primarily within the high-tech industry, has recently been the top driver of office leasing activity in the U.S.”

Portland is considered a “small market” because the tech talent pool is fewer than 50,000 people. Portland’s pool consists of 44,040 people, according to CBRE, and the average wage is $81,343. For perspective, there are 129,860 techies in Seattle.

Portland Business Journal reports:

Two big stories last week further illustrate Portland’s rising tech star.

First, Google confirmed it is moving into a larger office downtown to accommodate growth. The small team had worked out of executive suite space, but had run out of room. Many of the company’s offices are located near universities where there is young talent to scoop up. With Portland, the company, and others, are chasing talent that is already here or interested in coming here.The other indicator last week came from New York-based WeWork, which confirmed it too is coming to Portland.

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