DENVER — Commercial real estate firm Cushman & Wakefield has included Denver in its Tech Cities 2.0 report, which identifies existing and emerging tech centers driving the North American economy and details their impact on the commercial real estate sector.
The report does not rank cities. Rather, it groups cities into three tiers: Cities where tech is a critical component of the local economy and commercial real estate market, cities where tech is a key component, and cities where tech is an important driver.
Denver was included in the middle tier The other cities in the “key component” tier were Atlanta; Dallas/Fort Worth; Minneapolis/St. Paul, Minn.; Montreal; Portland, Ore.; Toronto; and Vancouver.
“Although we expect established markets like Silicon Valley to see continued investment, new tech hubs are emerging across North America, from Provo to Philadelphia, sustaining a period of tech-driven, economic growth unseen since the dot-com boom of the late 1990s,” Ken McCarthy, Cushman & Wakefield’s principal economist, said in a prepared statement.