A week after it overtook New York in a global survey by JLL, Los Angeles has gone one better in a new commercial real estate ranking
A week after it overtook New York in a global survey by JLL, Los Angeles has gone one better in a new commercial real estate ranking.
The top 30 league table from global investment manager Schroders puts the City of Angels back in front of its international challengers including Hong Kong, London, New York and Shanghai (the top 5).
“It’s no surprise that Los Angeles has reclaimed its place at the top. This is due to a combination of large scale and excellent economic growth. The scale and economic depth of LA makes it a compelling location to work and live,” commented Hugo Machin, co-Head of Global Real Estate Securities.
The US is dominant in the top 30, taking 17 places with Boston, Chicago and Houston all inside the top 10 with San Francisco, Seattle and San Jose not far behind.
The Schroders top 30 is based on scale and growth of a city and includes factors such as disposable income, population growth, and education. The list includes 11 of the cities shortlisted for Amazon’s HQ2.
“The Schroders Global Cities 30 Index looks at scale and growth of a city. We believe that cities with scale have a structural advantage. However, the model also captures fast growing cities. This means the ideal city would be medium sized with identifiable economic growth,” added Machin.
The top 30 league table from global investment manager Schroders puts the City of Angels back in front of its international challengers including Hong Kong, London, New York and Shanghai (the top 5).
“It’s no surprise that Los Angeles has reclaimed its place at the top. This is due to a combination of large scale and excellent economic growth. The scale and economic depth of LA makes it a compelling location to work and live,” commented Hugo Machin, co-Head of Global Real Estate Securities.
The US is dominant in the top 30, taking 17 places with Boston, Chicago and Houston all inside the top 10 with San Francisco, Seattle and San Jose not far behind.
The Schroders top 30 is based on scale and growth of a city and includes factors such as disposable income, population growth, and education. The list includes 11 of the cities shortlisted for Amazon’s HQ2.
“The Schroders Global Cities 30 Index looks at scale and growth of a city. We believe that cities with scale have a structural advantage. However, the model also captures fast growing cities. This means the ideal city would be medium sized with identifiable economic growth,” added Machin.
