Hartford is ranked as the 43rd best market for tech talent in the United States and Canada, according to a recent report from international real estate services firm CBRE.
CBRE analyzed the markets based on 13 metrics and awarded Hartford a score of 29.4.
San Francisco, Seattle and New York City were the top three markets, the study found, followed by Toronto, Canada; Austin, Texas; Washington D.C.; Boston and Denver.
Hartford scored ahead of larger cities including Cincinnati, Cleveland and Milwaukee.
The study found that Hartford has 28,430 tech workers, an increase of 3.7% from 2018 to 2023. The tech concentration of Hartford’s workforce was about 5% in 2023.
Hartford’s average annual salary for a tech worker was $111,601 in 2023, according to the study.
Hartford had a relatively high concentration of tech talent in non-tech industries (25%), including finance, insurance and real estate, the study found.
On the other hand, Hartford had the second-least diverse small tech market among those CBRE analyzed, with only 13.6% of its tech workers being members of an underrepresented group.
Hartford also had the highest office vacancy rate – 29.1% – as of the fourth quarter of 2023, according to the study.
The population of Hartford residents in their 20s grew 1.8% from 2017 to 2022, compared to an 8.1% increase of residents in their 30s, the study says. However, the city’s population of people in those age brackets with college degrees decreased 4.2% and 15.8%, respectively, during the same timeframe.