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New York City Reigns as Top Tech Hub by Employer Demand

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New York City Reigns as Top Tech Hub by Employer Demand

Two years in the past, some pundits and specialists predicted the COVID-19 pandemic would finish New York Metropolis as a tech hub. Inside a yr, although, it was clear these forecasts had been fallacious, with town surpassing even Silicon Valley when it got here to demand for technologists.

Two years after the pandemic started in earnest, it’s now obvious that New York Metropolis’s tech progress is sustained. The most recent CompTIA Job Report exhibits the megalopolis’s tech-job postings exceeding these of different “scorching” tech hubs reminiscent of Washington DC, Seattle, Atlanta, Boston, and San Jose. Take a look at the chart:

Even within the midst of the pandemic, it was clear that tech firms had no urge to maneuver out of town. Tech giants reminiscent of Apple, Amazon, and Fb all secured giant quantities of workplace house in Manhattan’s Midtown—and collectively employed greater than 2,600 native technologists all through 2020. In September 2021, Google introduced it could spend an extra $2.1 billion on Manhattan actual property, increasing its already-considerable footprint. 

In fact, it’s not simply the most important tech firms hiring in New York Metropolis—organizations of all sizes and missions are pursuing quite a lot of technologists, from software program builders to community engineers. That’s resulting in a rise in salaries: In accordance with the latest Nesta Tech Wage Report, the typical technologist wage in New York Metropolis hit $115,510 in 2021, an increase of 12.8 % over two years. Compensation-wise, that positioned it simply behind main tech hubs Silicon Valley (common tech wage: $133,204 in 2021) and Seattle (common tech wage: $118,729) and simply forward of Boston ($114,959), Denver ($114,096), and Washington DC ($112,697). 

With a view to safe these excessive salaries, although, technologists must have the expertise and abilities that organizations need. Specializing in “scorching” abilities reminiscent of machine studying and information science can open up all types of alternatives, however so can mastering disciplines that nearly each group wants, reminiscent of front-end growth. 

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