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

Despite hiring variances, top 5 states consistently absorb 37-40% of talent Hiring for AI-Related Occupations Trending Upward

Average Monthly Hires in AI Occupations by Year, 2018 - 2023

• California companies consistently hire more AI-related employees than companies in any other states. Hires are concentrated in San Francisco, Silicon Valley, Los Angeles and San Diego. primarily concentrated in the Texas Triangle: Dallas, Austin, Houston and San Antonio. • Texas hiring is

39.8%

40%

250,000

39.6%

39.5%

39.0%

39%

200,000

38.4%

38.1%

134,719

130,331

38%

150,000

129,258

115,729

115,088

109,196

37%

100,000

24,134 13,454 13,352 8,979

22,797 12,944 12,794 8,731

20,913 12,731 12,065 9,874

16,889 11,656 9,697 8,178

18,286 9,603 10,276 7,876

16,788 9,470 9,928 7,327

36%

50,000

29,144

28,796

28,226

27,567

24,827

24,663

35%

0

2018

2019

2020

2021

2022

2023

California Texas New York Florida Virginia All Other States Top 5 States Percent of Total

Source: Cushman & Wakefield Research, Lightcast, 2023

15