As tech companies grow in the shadow of the pandemic, Seattle grows with it
There is also a “desire to improve diversity,” he said, by establishing a presence in cities, such as Atlanta, Miami and Washington, which have large numbers of blacks and Hispanics, who are not underrepresented in technology. For example, Chicago had few technical jobs, and college students who wanted to work in the industry had to move to other cities after graduation, Mr. Yasukochi said. But this is changing. Google, Facebook and Amazon now have offices there.
Diane Crocker, principal analyst at LightBox, which provides data and software for the real estate industry, said tech companies are going where the talent is, rather than “getting people to move to a few cities.”
However, the Seattle area, home to Amazon, Expedia, Microsoft, and Zillow, has been the biggest beneficiary. Most of the new leases in the area are in nearby cities like Redmond, Kirkland and Bellevue, just east of Seattle across from Lake Washington.
Mr. Yasukochi said downtown Seattle is “closer to capacity building,” but the so-called East Side has room for businesses to expand. Some companies are setting up small campuses, and others are flocking to new developments like the Spring District in Bellevue.
Growth also stems from emerging technology sectors such as the commercial aerospace industry, which has thrived thanks to increased production and launches of communications and surveillance satellites by companies such as Elon Musk’s SpaceX Successful Spaceflights by Jeff Bezos blue origin. About 40 space-related companies Such satellite manufacturers employ more than 6,000 people in the Seattle area; In August, they listed more than 1,000 job openings, said Stan Scholl, managing director of Alliance Velocity, an aviation consultancy.
He said, “There is a real ‘space group’ of big companies, startups and venture capitalists growing here.