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New York Overtakes San Francisco In Tech Talent As AI Hiring Expands

New York has overtaken the San Francisco Bay Area in total tech talent for the first time in 13 years of CBRE’s analysis, as AI hiring expands across industries. The shift is also changing demand for office space, with AI companies accounting for a growing share of leasing activity in major U.S. tech hubs.

New York Takes The Lead In Tech Talent

According to CBRE, New York had 394,300 tech talent jobs as of June, compared with 375,730 in the San Francisco Bay Area. The report covers 75 metropolitan markets across the U.S. and Canada and marks the first time New York has ranked first.

Colin Yasukochi, executive director of CBRE’s Tech Insights Center in San Francisco, attributed the shift to two trends. San Francisco has seen layoffs and a contraction in its tech workforce, while New York’s financial sector has increased hiring of AI and technology workers.

AI Hiring Is Expanding

AI-related tech roles grew 45% across the U.S. and Canada over the past year. San Francisco and New York each added more than 20,000 AI-specific jobs since mid-2025, while the combined AI workforce reached 751,000 by June.

AI roles now account for nearly one-third of all tech job listings in the U.S. The growth reflects increasing demand for AI talent across industries, including financial services.

AI Jobs Remain Concentrated In Major Hubs

New York leads in total tech talent, but San Francisco remains the largest U.S. market for AI jobs. Four markets, San Francisco, New York, Seattle and Washington, account for 37% of all U.S. AI employment, according to CBRE.

Canada’s AI workforce is even more concentrated. Toronto, Montreal and Vancouver account for about 60% of the country’s AI employment.

AI Hiring Is Driving Office Demand

The growth in AI employment is also showing up in office leasing. AI companies accounted for 58% of San Francisco office leasing in the first half of this year and about 30% of leasing activity since 2023, totaling roughly 10 million square feet, according to CBRE.

AI companies are also maintaining a stronger office presence than many technology companies did after the pandemic. Yasukochi said AI startups often rely on frequent in-person collaboration.

“It’s more of the sort of startup innovation culture that we’ve seen, where people are in the office a minimum of four, but usually like five or six days a week,”

Yasukochi said.

CBRE also identified Manhattan, Boston and Seattle as major centers of AI-related office leasing.

The data suggests that AI hiring is supporting office demand in several major markets, even as other parts of the commercial real estate sector continue to face slower growth and more selective tenant demand.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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