Report: Atlanta ranked 10th most 'high-tech' metro in US

4:42 PM, Nov 6, 2012   |    comments
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ATLANTA -- Atlanta ranks 10th out of 20 major U.S. tech markets, according to a Jones Lang LaSalle report.

It underscores the tech sector's role as an economic development engine - locally and nationally.

The ranking is based on a variety of economic factors, including the number of high tech jobs; number of tech firms; and venture capital funding.

Atlanta's tech sector generated $113.1 billion in revenue, and nearly 30,000 jobs, or 4.6 percent of all jobs. The industry grew at a nearly 10 percent, according to thereport from JLL, a commercial real estate brokerage.

North Fulton has been successful in luring call centers and other back office and IT operations, while Midtown has become the hub for the creative digital media.

Buckhead is also drawing early stage tech companies, who are scaling their workforce. Such companies need to draw Gen Y employees from Atlanta's in-town neighborhoods, and more seasoned management who typically live in the northern suburbs.

Nationally, the tech service sector created 292,000 jobs since the cyclical trough in September 2009, an increase of 14.2 percent.

That's nearly three times the growth rate of office-using jobs in general, which have grown by 5.5 percent over the same period with the addition of 1.5 million jobs.

While high-tech services make up 8.6 percent of total office jobs in the United States, job growth in high-tech services represents 17.0 percent of job growth in the office-using sector, the report noted.

(Atlanta Business Chronicle)

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