Millennials — those 18 to 43 years old — are making a difference in South Florida’s technology market.
Fort Lauderdale and Miami are among the 50 cities with top tech talent, says a new CBRE research report, and more millennials are the reason.
Fort Lauderdale ranked 48th and Miami 50th, according to the report, “Scoring Tech Talent,” released Tuesday.
Tampa ranked 36th and Orlando 47th.
The millennial workforce has risen in South Florida, which is increasing the region’s pool of tech talent, said CBRE, a commercial real estate and investment firm based in Los Angeles.
“Tech talent growth rates are the best indicator of labor pool momentum, and it’s easily quantifiable to identify the markets where demand for tech workers has surged,” said Colin Yasukochi, director research and analysis for CBRE.
“Tech talent growth, primarily within the high-tech industry, has recently been the top driver of office leasing activity in the U.S.”
The millennial population increased by 6.56 percent to 20.6 percent in Fort Lauderdale from 2010 to 2013, and by 6.86 percent to 23.11 percent in Miami, according to NerdWallet, a consumer website.
While technology talentconstitutes only 3.4 percent of the total U.S. workforce of 4.4 million workers, the high-tech industry accounted for more major U.S. office leasing activity than any sector in both 2013 and 2014, according to the CBRE report. Last year, the high-tech industry represented 19 percent of all leasing.
The high-tech industry has been a top driver of commercial office activity nationally, said Quinn Eddins, director of research and analysis for CBRE Florida.