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Jones Lang LaSalle: Tech Start-Ups Spurring Economic Growth

Office Space in High Demand

A Jones Lang LaSalle report says that a surge in high-tech start-ups has started to influence regional economic growth in the country.

The trend is igniting demand for office space, pushing rent, driving new construction and impacting other sectors, according to results of the analysis released Aug. 14.

JLL ranked new centers of innovation among the top high-tech U.S. cities of 2013, giving them scores based on innovation, high-tech employment, intellectual capital and venture capital funds.

San Francisco led the list, followed by Silicon Valley, San Franscisco Peninsula, Seattle (Puget Sound), Boston, Austin and Washington, D.C.

Atlanta, Raleigh-Durham and Denver round up the top 10.

"High-tech start-ups - powered by significant VC funding - continue to spread to promising new cities in an effort to tap the highly-skilled talent pools in those regions,” said Julia Georgules, research manager at Jones Lang LaSalle.

The report noted that technology incubators that offer modern office amenities, networking and investor access played a part in cultivating innovation in early-stage companies.

More Stories By Tim Watson

Tim Watson supervises all media production at Executive Mosaic, a digital media company that provides insight, information and analysis on several industries, including government contracting.

He previously produced byline coverage with the economics team at USA Today and evaluated lending proposals for the Overseas Private Investment Corporation.

Tim was born and raised in Washington, DC and holds a bachelor’s degree in Business-Journalism from Washington and Lee University and a certificate in budgeting and finance from Georgetown University's School of Continuing Professional Education.

@MicroservicesExpo Stories
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