New York City has overtaken the San Francisco Bay Area as the top market for tech talent, a first in the 13-year history of CBRE's analysis. The report indicates New York now hosts 394,300 tech talent jobs, compared to San Francisco's 375,730. This change is attributed to growth in AI-specific roles in New York and a reduction in the Bay Area's tech workforce.
Artificial intelligence is a primary driver of this shift, with AI tech roles growing by 45% in the past year across the U.S. and Canada. Both San Francisco and New York added over 20,000 AI-specific jobs since mid-2025. As of June, 751,000 AI-related workers were employed across both countries, with AI-related roles now constituting nearly one-third of all U.S. tech-talent job listings.
While New York leads in overall tech talent, San Francisco maintains its lead in AI-specific jobs. Approximately 37% of U.S. AI jobs are concentrated in the San Francisco Bay Area, New York, Seattle, and Washington. In Canada, AI employment is more concentrated, with 60% of these jobs located in Toronto, Montreal, and Vancouver.
The increased demand for AI workers is influencing office leasing trends in these markets. In San Francisco, AI companies accounted for 58% of all leasing in the first half of this year and 30% of total leasing activity, approximately 10 million square feet, since 2023. This indicates a direct correlation between AI job growth and commercial real estate activity.
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New York City has become the leading market for tech talent, exceeding the San Francisco Bay Area for the first time, according to a CBRE report. This shift is largely due to significant growth in AI-specific jobs in New York and a contraction in the Bay Area's tech workforce. The change indicates a broader geographical distribution of tech employment and its impact on regional office markets.