Tech Industry Driving Strong Office Growth

ATLANTA—If you are looking for office space in Atlanta, which is one of the hottest tech markets in the nation, you should not only expect to pay a premium—you should expect to pay a heavy premium. So says a new CBRE research report.

The report analyzes the top 30 tech cities across the U.S. and Canada—and showed an aggregate rent premium of 11% across all 30 markets. That number jumps significantly higher in the hottest tech submarkets, including Santa Monica, which had the second-highest rent premium in North America, between Boston’s East Cambridge at 87% and Mountain View (Silicon Valley) at 73%.