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New York’s tech workforce overtakes San Francisco, CBRE data shows
CBRE says New York’s tech jobs rose to 394,300 in 2025, while San Francisco fell to 375,730, reversing a 13-year pattern in its talent rankings.
New York’s metropolitan area employed more tech workers than the San Francisco Bay area for the first time in CBRE’s 13-year North American tech talent report, according to Commercial Observer. CBRE data showed New York’s tech workforce reached 394,300 in 2025, an 8.4 percent increase from 2022 that added 30,640 jobs. Over the same period, San Francisco’s tech employment fell by 6 percent to 375,730 jobs in 2025. CBRE’s executive director of the firm’s tech insights center, Colin Yasukochi, told Commercial Observer that San Francisco’s job reductions tied to announced layoffs helped push New York ahead, while New York continued to grow. The report also noted that San Francisco still leads on overall tech talent across 13 metrics. The analysis found tech jobs make up more than 10 percent of total employment in San Francisco, versus 4.2 percent in New York, but San Francisco’s concentration is riskier, with 61 percent of its tech talent working directly in the tech industry. Commercial Observer reports that in New York, 34 percent of tech workers are in the tech industry, and 21 percent work in tech roles within finance, insurance and real estate, often called FIRE, which Yasukochi said has supported resilience since the 2022 tech downturn.