Tech Cities generate and attract talent

International real estate agent Savills has published its latest Tech Cities index report.

The report measures 30 cities from around the world against 100 individual metrics.

Tech cities are important centres for tech in their region and are hotspots for investors.  They are a generator of and a magnet for talent.  GDP across the 30 Tech Cities is forecast to rise by 36% in the next decade, against a rate of 19% across other developed cities.

The six categories of metrics are:

  • The business environment - e.g. cost of doing business; R&D/innovation; ease of starting a business
  • The tech environment – e.g. tech infrastructure; size of tech sector
  • City buzz and wellness – e.g. cost of living
  • Talent pool – e.g. attractiveness to talent/immigration
  • Real estate costs – e.g. cost of renting commercial/residential property
  • Mobility – e.g. transport systems

The top 10 cities for 2019

  • New York
  • San Francisco
  • London
  • Amsterdam
  • Boston
  • Singapore
  • Los Angeles
  • Austin
  • Stockholm
  • Copenhagen

Five mainland Chinese cities have made the Top 30 for the first time.

Read the findings here.