The Los Angeles tech sector continues to expand, ranking on multiple national growth indices, including ranking 7th in employment count, 10th in technology wages, and 2nd for venture capital investment in the most recent quarter.
While VC funding is slowing in some key tech markets across the country, the same doesn’t appear to be true in Los Angeles. VC funding spiked again in LA in the second quarter, led by large investments in Snapchat.
VC’s continued interest in LA’s tech companies bodes well for sustained employment and potential wage growth.
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Visit the JLL Los Angeles Research webpage for additional market insight.
Source: JLL Research