PRESS RELEASE

Contact:
Derek Paumen
+1 612 336 4224
Derek.paumen@cbre.com

MINNEAPOLIS LANDS AT #17 ON CBRE’S ANNUAL

“SCORING TECH TALENT” REPORT

Minneapolis stands out from other Midwest markets, ranking ahead of Chicago, Detroit
and Columbus

Minneapolis – July 16, 2019 – Minneapolis is #17 on CBRE’s Tech Talent Scorecard, part of
its annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according
to their ability to attract and grow tech talent.

Tech labor concentration – or the percentage of total employment – is an influential factor

in how “tech-centric” the market is and its growth potential. Minneapolis has a tech talent
labor pool of 92,830, or 4.7 percent of its total employment, compared to the national
average of 3.7 percent.

Minneapolis also is the #7 most concentrated millennial market at 21.3 percent of its
population, ranking higher than the top five markets for tech talent in 2019, the San
Francisco Bay Area, Seattle, Toronto, Washington, D.C., and New York, all large markets with
a tech labor pool of more than 50,000.

“From focused education, to a thriving start-up scene, to ongoing corporate support, our
community continues to benefit from its investment in the people creating the tech
ecosystem of Minneapolis,” said CBRE’s Dan Peterson.

The Tech Talent Scorecard is determined based on 13 unique metrics, including tech talent
supply, growth, concentration, cost, completed tech degrees, industry outlook for job
growth, and market outlook for both office and apartment rent cost growth.

Minneapolis stood out in the report in a number of other key areas:

 CBRE Press Release

 Minneapolis’ tech talent labor pool has increased by 13.2 percent over the last five
years, growing to 92,830. Non-tech occupations in Minneapolis grew by 5.1 percent
over the same period.
 With a rate of 50.8 percent Minneapolis ranked #7 among the top cities for
educational attainment
 Minneapolis is the leading Midwest city in the report at #17, ahead of high-ranking
cities including Chicago, Detroit and Columbus.

Top 10 tech talent markets:

RANK (2019) MARKET SCORE

1 SF Bay Area, CA 84.79
2 Seattle, WA 73.82
3 Toronto, ON 69.88
4 Washington, D.C. 69.83
5 New York, NY 65.12
6 Austin, TX 62.10
7 Boston, MA 60.26
8 Denver, CO 59.43
9 Atlanta, GA 58.08
10 Raleigh-Durham, NC 57.68

CBRE's interactive Tech Talent Analyzer found the San Francisco Bay Area, Seattle, Denver
and Austin to be the most competitive markets to hire tech talent based on labor market
supply/demand, wage costs and talent quality.

View the full report here. To view individual market statistics and rankings, including
rankings on the Scorecard, access CBRE’s Tech Talent Analyzer.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is
the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The
company has more than 90,000 employees (excluding affiliates) and serves real estate investors and
occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of
integrated services, including facilities, transaction and project management; property management;
investment management; appraisal and valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our website at www.cbre.com.