Like real estate investors, corporate occupiers search for locations with advanced innovation ecosystems.
AUSTIN, TX—It is no surprise that real estate capital flows to cities with the strongest innovation and talent characteristics. In addition to drawing capital, these tech-savvy cities with highly skilled workforces also attract corporations ready to hire the best employees, according to JLL's latest report.
Innovation-oriented cities have a competitive advantage in the current technology-driven world. Of the 109 cities analyzed, the nine leading global markets–Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo–accounted for around 37% of total annual real estate investment volumes in the past decade.
Although San Francisco is still the world's most tech-savvy metro area, US cities no longer dominate in innovation. Three of the top five most innovative markets–Tokyo, Singapore and Beijing–are now in Asia Pacific.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
