From AI to Absorption: Office Demand, AI Talent Concentrations, and What it Means for Data Centers

Number of job postings below post-March 2020 average, but above pre-pandemic average AI Talent Is in High Demand but Has Cooled Recently

Unique Monthly AI Job Postings (Trailing 4-Month Average)

• Demand for AI talent began increasing in 2021 after experiencing slight downward pressure from the pandemic. • A 10-month hiring spree began in • Job postings have cooled since July 2022 and now more closely resemble early-2021 figures. September 2021 and ran until June 2022.

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

5,550

3,800

Jul 2019

Jul 2020

Jul 2021

Jul 2022

Jul 2023

Apr 2020

Apr 2021

Apr 2022

Apr 2023

Apr 2019

Oct 2019

Oct 2020

Oct 2021

Oct 2022

Jan 2019

Jun 2019

Jan 2020

Jun 2020

Jan 2021

Jun 2021

Jan 2022

Jun 2022

Jan 2023

Jun 2023

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Feb 2019

Feb 2020

Feb 2021

Feb 2022

Feb 2023

Nov 2019

Dec 2019

Nov 2020

Dec 2020

Nov 2021

Dec 2021

Nov 2022

Dec 2022

Aug 2019

Sep 2019

Aug 2020

Sep 2020

Aug 2021

Sep 2021

Aug 2022

Sep 2022

Aug 2023

Sep 2023

May 2019

May 2020

May 2021

May 2022

May 2023

Unique Postings (Trailing 4-Month Average)

Post-March 2020 Average

Pre-Pandemic Average

Source: Cushman & Wakefield Research, Lightcast, 2023

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