Salt Lake City among top cities for tech talent growth, ranking #3 on CBRE’s Annual List of Tech Momentum Markets

July 27th, 2017

CBRE’s Scoring Tech Talent report also rates Salt Lake City as the #10 lowest cost market, based on one-year wage and rent obligations

Salt Lake City, UT—July 26, 2017—Salt Lake City ranked #3 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. Salt Lake City was also ranked as the #10 lowest-cost market based on one-year wage and rent obligations.

The report, which can be viewed in detail by market in the interactive Tech Talent Analyzer, finds that tech job growth gained momentum in 28 of the 50 markets. This means job creation grew faster in the past two years (2015-2016) compared with the prior two-year period (2013-2014). Salt Lake’s tech talent pool grew 22.2 percent from 2015 to 2016, an increase of 23.0 percentage points compared to the previous two years. Contributing to this growth, Salt Lake City also ranked as the #5 most concentrated millennial market in the nation, with millennials making up 21.8 percent of Salt Lake City’s urban population, behind only Madison, Wisc., Pittsburgh, Boston and Richmond.

The top 10 momentum markets and their associated tech talent job growth rates were:

MarketChange in Momentum
(Past 2 years minus prior 2 years)
Employment Growth
Past 2 Years (2015-2016)
Employment Growth
Prior 2 years (2013-2014)
Madison, WI24.830.2%5.4%
Ft. Lauderdale, FL23.421.3%-2.1%
Salt Lake City, UT23.022.2%-0.8%
Miami, FL19.122.8%3.7%
Kansas City, MO17.720.5%2.8%
Omaha, NE12.211.5%-0.7%
Columbus, OH11.912.6%0.6%
Pittsburgh, PA11.612.0%0.4%
Orange County, CA11.311.8%0.5%
Sacramento, CA10.110.8%0.7%


“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. Tech employment growth has a multiplier effect that positively impacts economic growth, which in turn can have an immense impact on commercial real estate,” said Colin Yasukochi, director of research and analysis for CBRE and the report’s author.

Salt Lake City also stood out in the report in a number of other key areas:

  • Salt Lake City ranked the 10th-largest tech labor pool among small markets (labor pools comprising less than 50,000 tech employees)
  • At 8.4 percent, Salt Lake City had the eighth-highest millennial population change for small tech talent markets, significantly above the U.S. average of 4.6 percent, from 2010 to 2015.
  • Salt Lake City ranked #23 on the Tech Talent Scorecard

“Salt Lake City has long been known for its young, educated workforce, but this report really highlights the importance of the millennial workforce on the local tech market—and, in turn, the local economy,” noted Eric Smith, senior vice president in the Salt Lake office. “The combination of a growing, youthful workforce with an advantageously low cost of running a business makes Salt Lake City an ideal location for technology companies to call home.”

To view the full report, click here. To view individual markets statistics and rankings, including rankings on the Scorecard, click to access the Tech Talent Analyzer

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at


Get Email Updates

  • Subscribe to get the latest UTC news.

Follow Us

Blog Favorites

UTC Welcomes Facebook, Highlights Current Tech Community Strengths

Media Statement For Immediate Release: May 30, 2018 Contact:       Elizabeth Converse, Director of Strategic Communication                     Utah Technology Council                     801-835-7087 | UTC Welcomes Facebook, Highlights Current Tech Community Strengths Salt Lake City – Following today’s groundbreaking of a new facility in Eagle Mountain that will house a data center for the social […]

Board Chair Kathryn Murphy’s Annual Members Meeting Remarks

Nearly three decades ago, the technology community, small but mighty, came together. They felt it necessary to align resources to support initiatives that would make the tech community stronger and set themselves up for some amazing growth. Fast forward to today. Utah’s economy is strong, with a vibrant entrepreneurial spirit that has become a hallmark […]

President & CEO John Knotwell’s Annual Members Meeting Remarks

2017 was a year of transition for UTC, yet we still gathered the community together for more than 50 professional development and networking events, put on an enviable and record breaking Hall of Fame Event where we were pleased to hear from global tech giant Microsoft’s CEO Satya Nadella. Our public policy team achieved 12 […]