JLL has published their second annual City Momentum Index (CMI), which tracks the speed of change of a city’s economic base and its commercial real estate market. Covered are 120 major cities and emerging business hubs, gauging “short-term socio-economic and commercial real estate momentum (over a three-year horizon) in combination with measures of ‘future-proofing’ – whether a city has the essential ingredients to ensure longer-term sustainable momentum in terms of education, innovation and environment.”
The report looks at 120 cities and identifies characteristics of these top 20 cities: London, Nanjing, Tianjin, San Jose, Beijing, Shenzhen, Shanghai, Ho Chi Minh City, Boston, Wuhan, San Francisco, Chongqing, Sydney, Bangalore, Dubai, Dublin, Nairobi, Melbourne, Singapore, New York.
The Index is unique in that it captures the dynamics of a city’s real estate market – its rates of construction and absorption, price movement and the attraction of a city’s built environment for cross-border capital.
