Of the Top 10 largest technological talent markets in Latin America (AL), Mexico City (CDMX) remains in number 2 on this list that is part of the annual report prepared by the company CBRE on talent markets technology in the Americas.

Sao Paulo in Brazil ranks first with 229 thousand 196 people, followed by CDMX with

201 thousand 204 people. CDMX continues to grow as a technology hub, graduating a large pool of talent from the city's top universities and offering affordable labor and real estate costs compared to many North American markets, said Yazmín Ramírez, director of Labor Analytics & Location Incentives. LATAM.

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CDMX's rapidly growing tech workforce pool continues to attract manufacturers, engineering firms, and others looking to bring operations back to the Americas from abroad.

Also, in CBRE's 10th annual Scoring Tech Talent report, 75 cities across the United States and Canada are ranked according to multiple metrics, including tech talent employment growth, technology degree attainment, labor and real estate costs. , and the millennial population, among other things.

San Francisco Bay leads the ranking this year, followed by Seattle and Toronto. This is the fourth year that the commercial real estate services and investment firm ranks Latin American markets in this report, where they compile the size of each city's tech talent workforce.

The report also examines each market's average tech salary and its 5-year growth, average office rent and its 5-year growth, as well as technology degree completion.

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CDMX produced 22,978 graduates in technology careers in 2022, while the next closest was Sao Paulo with 15,065 graduates. In turn, the city's five-year tech wage growth rate registered 7%, slightly above the US growth rate over that span. The city also recorded an 11% increase in salaries for software developers from 2017 to 2022, which is more than double the Latin American growth rate (5%) in that span.

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