DC gaining ground as secondary technology locale

Office space occupancy casts a shadow on real estate markets
  • A report by commercial real estate firm Jones Lang Lasalle lists DC as a place with an up-and-coming tech sector.
  • DC took in more than $200 million in venture capital in the period studied.
  • Companies look at a variety of factors when locating their offices, including talent pool and quality of life.

California will likely never lose its stronghold on the technology industry, but that does not mean that other areas aren’t slowly becoming alternatives to the West Coast. Jones Lang Lasalle (JLL) recently released a report about these trends. In the 2015 United States Technology Office Outlook Report, San Francisco, Silicon Valley and LA lead the pack in venture capital funding in Q3 2014 to Q2 2015 by a huge margin.