Austin, washington d.c., Raleigh, denverand Seattle tops the list of cities with the most momentum for STEM job growth

BETHESDA, MD., November 14, 2022 /PRNewswire/ — Leading real estate advisory firm RCLCO Real Estate Consulting today announced the results of its 2022 STEM Job Growth Index (STEMdex), which projects which metropolitan areas will have the best prospects for job growth. STEM jobs. Published annually since 2016, with support from light industrial and office investment management firm CapRidge Partners, the STEMdex tracks and projects STEM employment growth trends across the country by analyzing economies of the largest metropolitan areas to understand which regions are attracting jobs and employees. from the future. Read the full report online at: https://www.rclco.com/publication/2022-stem-job-growth-index-stemdex

The analysis focuses on metrics in four main areas that the RCLCO considers critical to STEM job growth: STEM Trends/Economic Drivers, Quality of Workforce, Quality of Life/Health, and Business Climate. In total, RCLCO has identified and weighted 23 different indicators that they believe best characterize the four broad categories and can quantify their impact on the STEM labor market. Some of the highlights from this year’s list include:

  • Austin, TX returns to No. 1 after ranking 2nd and 3rd in the last two annual STEMdex publications.
  • Philadelphia, Pennsylvania was the only new entrant to the STEMdex Top 20 this year.
  • Among the fifty largest MSAs, San Jose has the highest concentration of STEM jobs today.
  • The 5 Most Concentrated STEM Markets – San Jose, washington d.c., San Francisco, Austinand Boston all rank in the top 10 for projected future job growth.

“Now in its sixth year of publication, the RCLCO’s STEMdex exists as a way to highlight the major metropolitan areas that represent current strongholds of STEM employment, as well as those that are likely to see strong growth in the future. future. Because nearly 70% of U.S. GDP is influenced directly or indirectly by STEM employment, understanding where these jobs exist today and where they might be concentrated tomorrow is essential for policy makers and real estate investors.” said Greg LoganCEO of RCLCO.

The top 20 cities include:

Rank Town
01 Austin, TX
02 washington d.c.
03 Raleigh, North Carolina
04 Denver, CO
05 Seattle, WA
06 San Francisco, California
07 Portland, OR
08 San Jose, California
09 Boston, MA
ten Salt Lake City, UT
11 Dallas, TX
12 Minneapolis, Minnesota
13 New York, NY
14 Charlotte, North Carolina
15 Atlanta, Georgia
16 Baltimore, MD
17 San Diego, California
18 Orlando, Florida
19 Philadelphia, Pennsylvania
20 Nashville, TN

About the RCLCO

Since 1967, RCLCO Real Estate Consulting has been the “first call” for real estate developers, investors, public institutions and non-real estate companies seeking strategic and tactical real estate investment, planning and development advice. RCLCO leverages quantitative analytics platforms and a strategic planning framework to provide end-to-end business planning and implementation solutions at the entity, portfolio or project level. With the knowledge and experience gained over 50 years and thousands of projects – affecting more than $5 billion of real estate business each year – RCLCO brings success to all types of products through United States and around the world. RCLCO is headquartered in Bethesda, MDand has offices in Los Angeles, CA, Orlando, Florida, Austin, TXand Denver, Colorado. To learn more about RCLCO, visit www.rclco.com.

SOURCE RCLCO