Article submitted by Ryan Eaton, Commercial Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate
Written by Victor Calanog and Brad Doremus April 16, 2012, National Real Estate Investor
The vibrancy of technology in the U.S. permeates beyond the financial outlook of firms in the sector. It directly influences commercial real estate in metro areas where tech firms are the most active. In fact, an analysis of tech-heavy metros reveals that multifamily and office properties are among the many beneficiaries of a dynamic local technology cluster.
Nine metros were identified for this analysis, each of which boasts a tech sector that is a major driving force in the local economy. The metros selected include: Austin, Texas; Boston; Denver; Portland, Ore.; Raleigh-Durham, N.C.; San Diego; San Francisco; San Jose, Calif.; and Seattle.
San Francisco and San Jose are the stand-outs here, given their proximity to Silicon Valley, but all of these metros support a strong local tech cluster. Data from metros with a large technology base indicate above-average rent growth and occupancy gains over the past several years across commercial real estate property types.
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Ryan Eaton joined Saurage Rotenberg Commercial Real Estate in 2011. Ryan is a graduate of Lee High School and Louisiana State Universtiy (LSU) where he earned a Bachelor of Arts degree with concentrations in business, sociology and speech communication. Ryan’s professional memberships include the Greater Baton Rouge Association of REALTORS® Commercial Investment Division, Louisiana Commercial Database (LACDB). He is also a member of the Baton Rouge Advocates for Safe Streets (BRASS).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).