In the high stakes battle for skilled workers across the nation, San Diego’s technology sector may have a secret weapon — loads of millennials.
About 24.3 percent of the San Diego metropolitan area were millennials in mid-year 2018, the third highest of any of the 25 tech cities studied in a new report from real estate firm Cushman & Wakefield.
The firm’s Tech Cities 2.0 report focused on the top areas for tech growth, seen as a main driver of economic growth in North America, and ranked regions against each other based on several factors. Out of all cities in the report, San Diego had the ninth highest percentage of tech jobs when looking at the overall employment makeup. But the city fell behind San Francisco, Boston, Seattle and others by most other measures, including tech job growth over time.
Yet Robert Sammons, senior director of research for Cushman & Wakefield, said the millennial population could be a significant factor for future growth.
“It already has that young workforce, which tech companies crave,” he said.
The city’s millennial population also appears to be more educated than cities of similar size and makeup, said Mark Cafferty, president and CEO of The San Diego Regional Economic Development Corp, or EDC. In a 2016 EDC study, the city had the second-highest growth rate of degree-holding millennials when compared to peer cities — surpassed only by Austin, Texas.