Tech Cities 2022: Market Reboot: How tech CRE is adjusting to a turbulent economy

U.S. Employment

110%

105%

100%

95%

90%

85%

Jul-20

Jul-21

Jul-22

Apr-20

Oct-20

Apr-21

Oct-21

Apr-22

Oct-22

Jun-20

Jan-21

Jun-21

Jan-22

Jun-22

Mar-20

Mar-21

Mar-22

Feb-20

Feb-21

Feb-22

Nov-20

Dec-20

Nov-21

Dec-21

Aug-20

Sep-20

Aug-21

Sep-21

Aug-22

Sep-22

May-20

May-21

May-22

Office-Using Industries

High-Tech Industries

Total Non-Farm

Source: Moody’s Analytics; U.S. BLS

February 2020 = 100%

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