Industry sectors can be evaluated for their overall performance, but categories within may indicate differences in strength or weakness. That's the case with the tech industry, which Savills Research & Data Services recently looked at for how it fared in the second quarter of this year as well as the first half.

Savills' report revealed contraction for the industry when it comes to leasing demand after it experienced a big growth cycle. This is due in no small part to investors becoming pickier about what innovations they will fund. What many venture capitalists are specifically eyeing now is the transformative technology verticals category, making real estate leasing in demand for tech hubs where innovators might incubate and roll out current and future inventions. Tech companies have a symbiotic relationship with their hubs, so their choice of location factors into potential success, the report says.

But what exactly is transformative technology verticals or TTV? It's defined as innovative tech that develops significant social, economic or cultural changes, which have the potential to revolutionize how we live, work and connect. Examples include the internet, smartphones, social media, artificial intelligence (AI) and more, according to The Tech Edvocate. Go way back and whoever invented the wheel or even the knife that made sliced bread possible had a similar-type invention and light-bulb moment that led to a globally changing phenomenon. The difference today is the speed at which the new inventions emerge, catch fire and are adopted, according to The Tech Edvocate.