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

AI-Related jobs grew by 33% on average in the markets outlined below Established AI Hubs Seeing Long-Term Job Growth

AI-Related Jobs & Growth In Established Markets

450

120%

104%

400

100%

350

300

80%

65%

65%

250

60%

51%

200

Thousands

150

40%

28%

25%

21%

100

17%

15%

20%

11%

50

0

0%

New York City Washington, DC Los Angeles San Francisco

Seattle San Jose/Silicon Valley

Chicago

Boston

Philadelphia

Austin

2012 Jobs 2023 Jobs 2012 - 2023 % Change

Source: Cushman & Wakefield Research, Lightcast, 2023

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