Tech companies have found that the “built environment” offered by urban areas is a necessity when hiring tech employees. These environments are very attractive to top tech employees as they offer a proximity to amenities and an efficient neighborhood design, as well as several other advantages. It is for this reason that more and more top tech companies are relocating to larger urban areas.
The tech industry places a high premium on recruiting, and for good reason. It can cost $30,000 in fees to attract and engage a software developer, and large Seattle-area firms – like Amazon and Microsoft – hire hundreds of IT professionals each month. High stakes, high volume activity has helped create a $35 billion recruiting market in the U.S.