Oklahoma City ranked 17th on the up-and-coming list. CBRE said the city’s tech labor force grew 7% the past five years to a total employment of 19,540. Tech wages grew 13%, to an average annual salary of $80,863.
More will jobs will come on demand for new tech products and services that quickly came to the fore after the COVID-19 outbreak, such as remote streaming communications and broadened use of social media, said Yasukochi, executive director of CBRE’s Tech Insights Center.
“We expect that most tech-talent markets and professions will thrive after the pandemic subsides, and many that facilitate remote work, e-commerce, social media and streaming services may have even greater growth opportunities accelerated by the COVID-19 disruption,” Yasukochi said. “Markets that have strong innovation infrastructure — leading universities and high concentrations of tech jobs — will lead the next growth cycle.”
Tech occupations considered for the report included computer and information systems managers, researchers and analysts; software developers and programmers; web developers; database and network administrators and architects; computer user and network support specialists; hardware engineers; electrical engineers; and electrical and electronics engineeeing technicians.
Tech jobs fall across all industries, of course, but recent expansions and growth in specialty tech firms show the impact on commercial property, especially office buildings, and helps position Oklahoma City for recovery.
Paycom Software, Heartland Payment Systems, and Rural Sourcing are “perfect examples,” said Tom Lange, vice president at CBRE’s Oklahoma City office. Each came here, or has grown here, with state and local incentives.
Paycom, which started here in 1998, had 3,765 employees at the end of 2019 and continues to grow, although the company wouldn’t say how much of its workforce is in Oklahoma City. Paycom left 40,000 square feet of leased space in Lakepoint Towers, 4013 Northwest Expressway, in 2011 for its own campus at 7501 W Memorial Road, which after recent expansion comprises three buildings totaling about 500,000 square feet.