Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Heather Antecol

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2018 Maya A Gutierrez


Casual empiricism suggests that the arrival of a major technology company into an area has the ability to transform the local economy. I examine the economic impact on residential real estate rental prices by the opening of offices by four of the top technology companies—Apple, Facebook, Google, and Microsoft. Rents are about 2.8% lower in metropolitan areas with top technology company presence compared to metropolitan areas without top technology company presence. Taking this economic outcome into account may influence the public and policymakers’ willingness to give tax breaks and other incentives to attract major technology companies.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.