Los Angeles has seen a recent surge in the growth of tech jobs. According to a new report from CBRE, the L.A. market is the ranked number three in the nation for tech job growth, behind Montreal and Pittsburgh. From 2015 to 2016, tech jobs have grown by 20%. From 2Q15 to 2Q17, the market also saw an 11% increase in office rents to $37.08 per foot on average. In Santa Monica, the top market for tech companies, rental rates have climbed to $71.28. To find more about the tech job growth and how it has impacted the office market in Los Angeles, we sat down with John Zanetos, SVP at CBRE, for an exclusive interview.

GlobeSt.com: Why is L.A seeing such massive growth of tech-related jobs?

John Zanetos: One of the main drivers that we are observing is the big push from Silicon Valley and the technology industries to get into the content creation and delivery business. If you look at the infrastructure and the existing talent that is here in the Los Angeles, a lot of that is built around content. With the Hollywood studios being headquartered here, a lot of that infrastructure is already built into Los Angeles. It is very recent where you have seen Amazon get into the delivery business; Apple has announced that they are going to get into the content delivery business; Netflix started in 11,000 square feet in Beverly Hills and now they are in 500,000 square feet in Hollywood; and Google putting their YouTube headquarters here. Those are the big drivers for this change.