London (Rank 6) is one of the 'Established World Cities', which integrate technology into their existing economies and leverage their established strengths to draw top talent. Other cities include New York (14), Paris (17) and Los Angeles (27). “While London has fallen from the top spot (a position it held for the past two years), it has remained remarkably resilient following the Brexit
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2/5
Austin (USA) is ranked seventh. The 134 cities covered by the CMI were assessed using 42 variables including recent and projected changes in city gross domestic product, population, corporate headquarter presence, commercial real estate construction and rents. Other factors included education, innovation and environment.
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3/5
Cities such as Hanoi (Vietnam), ranked 8, are characterised by low costs, rapid consumer market expansion and high levels of foreign direct investment (FDI). Identified as 'High Potential Cities,' these exhibit “among the most robust demographic and economic growth in the CMI. They also drive significant levels of FDI and commercial real estate construction,” JLL says. Some of the other c
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4/5
Massachusetts’ capital Boston (USA), is ranked at No 9.“The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly to each new wave of global change," says Jeremy Kelly, JLL Director of Global Research
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5/5
Nairobi (Kenya) takes the tenth spot in JLL’s fourth annual City Momentum Index (CMI), among the thirty positions ranked by the study
