Austin’s a “Brain Drain” City For Tech Talent — Is That Good or Bad?

AUSTIN (KXAN) — Austin is once again a top 10 city for having the most talented people working in the tech industry. In CBRE’s 2019 “Scoring Tech Talent” report, Austin beat out other Texas cities like Dallas-Forth Worth and Houston. “[Austin’s] the envy of just about every other tech city, not only in the United States but globally,” said Spencer Levy, Chairman of Americas Research & Senior Economic Adviser. Highlights from the report include: Total tech occupations went up by almost 3,000, from 69,610 in 2017 to 72,360 in 2018. The average office rent went from $34.99 in Q1 2018 to $37.62 in Q1 2019. Austin is poised to become one of the largest tech growth markets in the next five to 10 years. Levy told KXAN, “Talent, infrastructure and foreign money. The more you can get in all three of those things, the more you’re going to be able to attract and retain the talent in your market.” Click to read more at