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Austin Places on Global Investment Index
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It isn’t surprising to see London and Silicon Valley among the Global Top 30 on JLL’s 2017 Investment Intensity Index. But Austin, TX ended up in 23rd place, and has been identified as a “new world city.”
Such cities offer technology innovation, a high quality of life, transparent business practices and a strong infrastructure. According to the JLL report, investors like Austin because of its tenants (including IBM, Apple, Dell, Google and Oracle, to name a few), millennial employee base, and the low cost of doing business.
JLL’s Jeff Coddington is unsurprised at the ranking, telling Connect Media that Austin has, for the past two decades, leveraged its economic proposition, a talented workforce and outstanding quality of life to attract new business to the region. “That translates to success on the real estate side,” he said. “Savvy investors know this, and want to be part of the story.”
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