Los Angeles is only America’s 18th top tech city

Even with Silicon Beach's tech scene booming, LA lags behind Cali counterparts

TRD LOS ANGELES /
Jun.June 09, 2017 02:00 PM
Snapchat’s Venice office (Getty Images)

Sure, Silicon Beach is home to trendy companies like Snapchat and Tinder, but Los Angeles as a whole is still lagging behind Silicon Valley and San Francisco when it comes to tech.

A new study released Thursday by Cushman & Wakefield ranked L.A. just 18th among the country’s top 25 tech cities.

Silicon Valley and San Francisco ranked first and second on the ranking, which was based on factors such as the concentration of talent, capital and local university tech programs, the Los Angeles Times reported.

Robert Sammons of Cushman & Wakefield, the co-author of the report, told the Times that the rankings of New York (No. 15) and Los Angeles were shocking.

“The key reason why L.A. ranked where it did is the sheer size of the market,” he said. “L.A. is sprawling with different sectors across L.A. County and there is more of a focus on media and entertainment, so tech sometimes gets caught in the mix.”

Sammons said L.A. had the lowest percentage of its workforce in “knowledge occupations,” such as computer, mathematical and scientific occupations, which dragged down its position. Fewer than 20 percent of L.A. residents work in those fields, compared with more than 35 percent in Silicon Valley.

L.A. did rank fifth in venture capital funding, however. [LAT]Subrina Hudson


Related Articles

arrow_forward_ios
R3 Lofts

California Landmark Group eyes additional units at R3 Lofts

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

Joel Silver, Hal Sadoff, and 1601 S. Main Street

Joel Silver-led production company sells old post office in Venice

Abhi CVK and Rashid Aziz

New platform that automates real estate transactions just launched

Nextdoor CEO Sarah Friar and the Nextdoor app

There goes the neighborhood: Nextdoor social networking app in expansion mode

Rerouting: Responding to homeowners, LA wants navigation apps to avoid local streets

Truss listings platform-brokerage launches in LA commercial market

You think San Fran’s housing market is crazy now? Wait ’til the IPOs hit

arrow_forward_ios